UPS Cuts Profit Forecast Due To Weakening Economy – ValueWalk Premium
UPS earnings

UPS Cuts Profit Forecast Due To Weakening Economy

Global logistics heavyweight United Parcel Service, Inc. (NYSE:UPS) Friday slashed its profit forecast for the upcoming quarter, citing weak U.S. industrial activity and air freight overcapacity. The stock dropped the most since 2011. Before today, the stock had gained 24 percent, while FedEx increased 14 percent.

United Parcel Service, Inc. (NYSE . . .

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