UPS to cut 12,000 jobs, explore options for Coyote business
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UPS cut by Argus with 2024 growth expected to be slow at best
January 31, 2024 9:10 AM ESTShares of UPS (NYSE: UPS) were downgraded to Hold from Buy at Argus on Wednesday, with the firm saying the outlook for 2024 is "slow growth at best."
The firm explained that although UPS appears well-positioned to benefit from a number of positive trends,... More
UPS drops 5% as FY sales outlook misses consensus; Company to cut 12,000 jobs
January 30, 2024 6:30 AM EST(Updated - January 30, 2024 9:01 AM EST)
UPS (NYSE: UPS) reported mixed Q4 results today and offered guidance that failed to meet analyst consensus.
At 09:00 EDT (14:00 GMT), UPS stock was down 4.7%.
The company posted an adjusted earnings per share (EPS) of $2.47, in line with the analyst consensus. Revenue for the quarter was $24.92 billion, marking a 7.8% decline y/y, and... More
