UPS stock tumbles after package giant reports drop in volume

A United Parcel Service truck searches for a house driving along the coast of Cape Cod on July 24, 2023 in Orleans, Massachusetts.UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. Shares of the package giant dipped nearly 7% in premarket trading.Here's how the company performed compared to Wall Street estimates:Adjusted earnings: $2.47 vs. $2.46 per share expected, according to LSEG, form ...