UPS Reports Earnings Beat But Stock Drops Amid Declining Revenue and Earnings
UPS reported a Q1 earnings beat with $1.07 per share on $21.2 billion in sales, but its stock fell 4.2% as earnings declined year over year by over 27%. U.S. and supply chain revenue dropped, while international revenue rose slightly, and GAAP earnings were significantly lower than non-GAAP figures.
Tickers: $UPS
Topics: Earnings Revenue Stock Performance Supply Chain UPS