(Reuters) - -United Parcel Service on Thursday forecast 2025 revenue below Wall Street estimates, as gains from cost cuts were offset by customers opting for cheaper, slower ground-based deliveries from more profitable air-based services. Shares of the world's largest package delivery fell more than 5% early in the trading session.
United Parcel Service said on Thursday it expects 2025 revenue below Wall Street estimates, as gains from cost cuts are outweighed by customers continuing to opt for cheaper, slower ground-based deliveries from more profitable air-based services.
United Parcel Service Inc. tempered expectations for a long-awaited rebound this year in demand for its parcel shipping services, projecting annual revenue well below expectations.
Parcel delivery company UPS (NYSE:UPS) will be announcing earnings results tomorrow before market hours. Here’s what investors should know.
The company said it had reached an agreement in principle with its top customer to lower volume by more than 50% by the end of 2025. UPS has also decided to insource all of its UPS SurePost products and reconfigure its U.S. network.
UPS (NYSE:UPS) reported EPS of $2.75 vs. $2.53 consensus and $2.47 a year ago. "We are making business and operational changes that, along with the foundational changes we’ve already made, will put us further down the path to becoming a more profitable,
United Parcel Service Inc. Cl B closed 14.27% below its 52-week high of $158.95, which the company reached on March 22nd.
United Parcel Service's financials stabilized, with recent quarters showing revenue and net income growth. Read why UPS stock is a good investment opportunity.
The weekly chart shows that the UPS share price peaked at $207 in 2022 as demand for shipping soared. It then started a strong downward trend, forming a series of lower lows and lower highs. These trendlines are converging, meaning that the stock is forming a falling wedge pattern.
United Parcel Service Inc (UPS) stock saw a modest uptick, ending the day at $136.26 which represents a slight increase of $3.23 or 2.43% from the prior close of $133.03. The stock opened at $133.9 and touched a low of $133.
We recently compiled a list of the 10 Best Shipping Stocks To Invest In Now. In this article, we are going to take a look at where United Parcel Service, Inc. (NYSE:UPS) stands against other best shipping stocks to invest in now.
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