MarsBars Earnings season can be a good time to pick up bargains, but sometimes it's good to wait a bit for the dust to settle and let price discovery take place before taking the plunge. That process can take up to 1 to 2 weeks before the market reaches a consensus on what it believes to be the 'new normal' absent any macroeconomic surprises. Such appears to be the case for UPS (NYSE:UPS) as its stock price has demonstrated support in the $140 to $145 range since falling from the $160 level prior to Q4 earn ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-15451 ____________________________________ United Parcel Service, Inc. (Exact name of registrant as specified in its charter) Delawar ...

UPS (UPS -1.73%) stock was down almost 3% by 3 p.m. ET today. The move comes as higher-than-anticipated inflation data pushed out expectations for an interest rate cut.Why high-interest rates hurt UPSInterest rates staying relatively high for longer is bad news for a company like UPS that relies on trade to drive volume growth in its network. Indeed, UPS had a challenging 2023, with delivery volumes coming in less than expected due to sluggish growth caused by higher interest rates putting a brake on the ec ...

MIAMI BEACH, FLORIDA - JANUARY 30: A UPS truck is parked as a driver makes a delivery on January 30, ... [+] 2024 in Miami Beach, Florida. The UPS company announced that it will cut 12,000 jobs as part of a bid to save $1 billion in costs. Managers and contractor positions are reported to be what will make up most of the layoffs. (Photo by Joe Raedle/Getty Images)Getty ImagesUPS (NYSE: UPS) recently reported its Q4 results, with revenues missing but earnings marginally ahead of the street estimates. The com ...

United Parcel Service (UPS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this package delivery service have returned -8.8% over the past month versus the Zacks S&P 500 composite's +5.6% change. The Zacks Transportation - Air Freight and Cargo industry, to which UPS belongs, has lost 6.3% over this period. Now the key question is: Where could the stock be headed in the near ...

A well-regarded analyst is warming up to United Parcel Service (UPS 4.73%), and investors are taking notice. Shares of the transportation giant were up 4% as of 11 a.m. ET after UBS upgraded the stock from neutral to buy.Calling a bottom on UPS sharesShipping is a cyclical business, and UPS investors over the past year have gained first-hand experience of what a down cycle feels like. The company's shares have fallen nearly 30% in the last 12 months due to declining volumes and higher costs.UPS failed to de ...

Shares in UPS (UPS 0.36%) declined by 10.6% in the week to Friday morning, according to data provided by S&P Global Market Intelligence. There are no prizes for guessing why. The company's fourth-quarter earnings report left investors feeling underwhelmed on Tuesday after management gave lackluster guidance for 2024 and warned investors it's likely to get worse before it gets better.UPS struggles in 2023It's fair to say last year wasn't an outstanding one for UPS. The company got hit with weaker-than-expect ...

UPS announced Tuesday that it plans to cut 12,000 jobs after its revenue forecast missed analysts' estimates. UPS said in a statement to FOX Business that its right-sizing its global workforce after having lower volume and seeing a more than $9 billion decline in revenue year over year. The company blamed these issues on the "dynamic external and economic conditions" in 2023. UPS Chief Executive Carol Tomé echoed this in the company's earnings report, saying that 2023 was "a unique and difficult year."  THE ...

United Parcel Service, Inc. (UPS) fourth-quarter 2023 earnings per share of $2.47 beat the Zacks Consensus Estimate of $2.44 but declined 31.7% year over year. Revenues of $24.91 billion fell short of the Zacks Consensus Estimate of $25.30 billion and decreased 7.8% year over year.UPS generated $10.23 billion of net cash from operating activities in 2023. Capital expenditures were $5.15 billion. Free cash flow was $5.25 billion. The overall adjusted operating profit fell 27.1% year over year to $2.78 billio ...

United Parcel Service, Inc. (NYSE:UPS) Q4 2023 Earnings Conference Call January 30, 2024 8:30 AM ET Corporate Participants PJ Guido - Investor Relations Officer Carol Tome - Chief Executive Officer Brian Newman - Executive Vice President and Chief Financial Officer Nando Cesarone - Executive Vice President and President, US Kate Gutmann - Executive Vice President and President International, Healthcare and Supply Chain Solutions Conference Call Participants Chris Wetherbee - Citigroup David Vernon - Bernste ...