UPS shares slide on earnings miss, guidance cut

United Parcel Service on Thursday reported profit and revenue for the second-quarter that came in below expectations and cut its 2024 revenue guidance. Shares were down 7% in premarket trading.UPS now expects 2024 revenue to be approximately $93 billion, revised from a previous forecast for as much as$94.5 billion. Full-year capital expenditures, however, is now expected at around $4 billion, rather than the previous$4.5 billion.The company also announced it's targeting around $500 million in share repurc ...