Shares of United Parcel Service dropped early Tuesday after the company reported weaker-than-expected earnings. UPS Tuesday reported second-quarter earnings per share of $$1.55 from sales of $21.2 billion. Wall Street was looking for profit of $1.56 a share from sales of $20.9 billion...
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Continue Reading(Reuters) -United Parcel Service posted quarterly profit marginally below estimates on Tuesday and did not provide a full-year revenue forecast again, deepening concerns around the impact of changing U.S. trade policies on the delivery giant. "A combination of lower-than-expected overall and U.S. Domestic margins as well as fully rescinded guidance is likely to be viewed unfavorably," Evercore ISI analyst Jonathan Chappell said. The company did not provide an annual revenue or operating profit outlook for a second straight quarter, citing ongoing macroeconomic uncertainty...
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