UPS stock suffers biggest drop in 2 years as e-commerce surge is still causing problems - Marketwatch
Profit and revenue miss expectations, as a bigger-than-expected surge in e-commerce sales came at a cost.
Shares of United Parcel Service suffered Tuesday their biggest one-day selloff in two years, as disappointing fourth-quarter results suggest the package-delivery giant was still having trouble adapting to the surge in online holiday shopping.
The results were also a stark reminder that not all business is good business.
Profit and revenue miss expectations, as a bigger-than-expected surge in e-commerce sales came at a cost.
Shares of United Parcel Service suffered Tuesday their biggest one-day selloff in two years, as disappointing fourth-quarter results suggest the package-delivery giant was still having trouble adapting to the surge in online holiday shopping.
The results were also a stark reminder that not all business is good business.