UPS United Parcel Service

14:02 ET -- United Parcel Service Inc. is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. UPS shares tumbled after it said decelerating U.S. retail sales and shifting consumer trends would depress the company's shipping volumes this year. The carrier is forecasting its first decline in annual revenue since 2009 after earnings and revenue both fell in the first quarter from a year ago, declines UPS said were driven by sagging consumer spending. The company said in its first-quarter earnings report it now expects full-year revenue to come in at around $97 billion, at the low end of earlier guidance and about 3% behind revenue during 2022. Dow Jones & Co. owns Factiva. (matt.walker@dowjones.com)

(END) Dow Jones Newswires

April 25, 2023 14:17 ET (18:17 GMT)

United Parcel Service (NYSE:UPS)
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United Parcel Service (NYSE:UPS)
Graphique Historique de l'Action
De Août 2023 à Août 2024