What's Next For UPS Stock After A 6% Fall This Year?
The company reported revenue of $21.7 billion and adjusted earnings of $1.43 per share, compared to our estimates of $22 billion and $1.38, respectively.
Source: forbes.com
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The company reported revenue of $21.7 billion and adjusted earnings of $1.43 per share, compared to our estimates of $22 billion and $1.38, respectively.
An earnings beat has investors more relieved than excited.
UPS said it plans to increase revenue by as much as 25% by 2026.
UPS stock remains down 23% over the last year and the firm is projected to post a during 2024’s first quarter, but UBS said Tuesday it expects brighter days for the courier.
The economy is weakening, and UPS is feeling the impact, but is it time to pick up the stock on a dip?