UPS Stock Drops 15% as Company Cuts Amazon Deliveries by Over 50% and Issues Weak Revenue Guidance
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UPS Stock Drops 15% as Company Cuts Amazon Deliveries by Over 50% and Issues Weak Revenue Guidance
UPS shares fell over 15% Thursday after issuing weak revenue guidance and announcing plans to cut Amazon deliveries by more than 50% by late 2026. The shipping giant reported fourth-quarter revenue that missed analysts’ estimates. CEO Carol Tome stated that Amazon, while UPS’ largest customer, is not its most profitable. Amazon, which has ...
Jan 31, 2025
United Parcel Service UPS Delivery
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