UPS below-expectation profit raises stakes for 2019 holiday season

United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7 per cent in early trading.

“There is pressure on management to execute at a high level during the peak,” Cowen and Co. analyst Helane Becker said in a client note.Shares in UPS were down 7.7 per cent to $105.55 in morning trading.

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