UPS shares slide after earnings and sales miss

📆 25/04/2019 12:18:00
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UPS shares skid as earnings and sales miss Wall Street targets

A previous version of this report misstated the income in the most recent quarter and year-over-year. It has been corrected.

United Parcel Service Inc. UPS, +0.73% stock fell 2.8% in Thursday premarket trading after the shipping company reported first-quarter earnings and sales that missed expectations. Net income was $1.11 billion, or $1.28 per share, slipping from $1.35 billion, or $1.55 per share, in 2018. Adjusted EPS was $1.39. Revenue of $17.16 billion, was up slightly from $17.11 billion last year. The FactSet consensus was for EPS of $1.42 and sales of $17.77 billion. UPS said the weather hurt U.S.

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