UPS plunges over 13% on weak earnings report - Breaking The News

UPS plunges over 13% on weak earnings report

30 January

1 min read

EPA-EFE/SARAH YENESEL

The shares of United Parcel Service Inc. (UPS) plummeted by more than 13% on Thursday after the company published its earnings report for the fourth quarter of fiscal 2024, which failed to meet the projected revenue.

In the reported quarter, UPS' revenue came in at $25.3 billion, which was below analysts' expectations. The company also announced that it reached an agreement with its largest customer to lower its volume by over 50% in the second half of 2026. The projected revenue for 2025 of approximately $89 billion also failed to meet expectations.

The company's stock plunged by 13.29% at 6:37 am ET during premarket trading to sell for $116.00 apiece.

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