UPS stock still tumbling; Company plans holiday surge pricing - Louisville Business First
Shares of United Parcel Service Inc. are down about 2 percent, to about $100.98 per share at midday Monday. That follows a sharp decline on Friday, after the company lowered its earnings guidance because its U.S. domestic shipping segment underperformed last quarter.
The company said package volume and revenue results came in as expected but higher-than-anticipated peak season expenses cut into the company's operating profit. A couple of research firms, Barclays and Macquarie, have downgraded the stock, according to reports this morning.
Shares of United Parcel Service Inc. are down about 2 percent, to about $100.98 per share at midday Monday. That follows a sharp decline on Friday, after the company lowered its earnings guidance because its U.S. domestic shipping segment underperformed last quarter.
The company said package volume and revenue results came in as expected but higher-than-anticipated peak season expenses cut into the company's operating profit. A couple of research firms, Barclays and Macquarie, have downgraded the stock, according to reports this morning.
