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0:41
MSN
Benzinga
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
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