UPS Fails to Deliver: Q1 Profit Below Expectations; Shares Tumble 3% - Forbes
United Parcel Service’s first-quarter profit rose less than expected, weakened by lagging U.S. exports and Asian markets.
UPS earned $970 million, $1 a share, last quarter, a 6% rise from a year ago. Analysts had expected earnings of $1.02 a share.
Shares of UPS fell 3% to $77.25 in pre-market trading.
United Parcel Service’s first-quarter profit rose less than expected, weakened by lagging U.S. exports and Asian markets.
UPS earned $970 million, $1 a share, last quarter, a 6% rise from a year ago. Analysts had expected earnings of $1.02 a share.
Shares of UPS fell 3% to $77.25 in pre-market trading.
