Shares of United Parcel Service Inc. UPS slumped 2.5% in afternoon trading Monday, a day before the package delivery giant reports fourth-quarter results. The company has beat both profit and revenue expectations for the 10-straight quarters, but the stock has declined the day earnings were reported five times, including the days after the past three quarterly results, according to FactSet data.
The company has beat both profit and revenue expectations for the 10-straight quarters, but the stock has declined the day earnings were reported five times, including the days after the past three quarterly results, according to FactSet data. The report is scheduled to be released before Tuesday’s open, with third-quarter results being released at 6 a.m. Eastern. The current FactSet consensus for earnings per share is $3.58, down from $3.59 a year ago, and for revenue to rise 0.