UPS Slips to Multi-Year Low Despite Q4 Earnings Beat: Should You Buy?

United Parcel Service (UPS) reported better-than-expected fourth-quarter 2024 earnings on Jan. 30. However, revenues fell short of the Zacks Consensus Estimate and the stock tumbled to a multi-year low of $109.62.The sharp decline was due to the decision to reduce business with its largest customer Amazon (AMZN) . To this end, UPS’ management announced that it has reached an agreement in principle with its largest customer to lower AMZN’s volume with UPS by more than 50% by June 2026.The Amazon news was mai ...