UPS Falls After Outlook Raise Leaves Investors Wanting More
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United Parcel Service Inc. tumbled after its outlook for volume and profit margins underwhelmed investors looking for stronger signs of improvement as the courier unwinds its relationship with Amazon.com Inc.
The company's forecast did not meet expectations, leading to a decline in its stock as investors anticipated more significant improvements.
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“United Parcel Service Inc. tumbled after its outlook for volume and profit margins underwhelmed investors looking for stronger signs of improvement as the courier unwinds its relationship with Amazon.com Inc.”
Bloomberg — UPS Falls After Outlook Raise Leaves Investors Wanting More