Revenue Miss Dents United Parcel Service Stock

United Parcel Service, Inc. (NYSE:UPS) narrowly beat fourth-quarter earnings expectations, while revenue of 24.9 million missed the mark. The delivery giant's full-year revenue forecast came in below analysts' estimates of $95.57 billion, amid weakened international and domestic e-commerce demand. Additionally, the company will cut 12,000 jobs and explore strategic options for truckload freight brokerage business Coyote.UPS is down 7.9% at $145.62 at last check, but the $144 region, which rejected an Octobe ...