NYSE:UPSLogistics
UPS (UPS) Stock Sinks As Volume Weakness Clouds Margin Gains
The market punished United Parcel Service on the earnings print. The stock dropped about 7% to around US$105, even though the quarter showed the kind of margin story investors usually want from a delivery heavyweight. Adjusted operating profit climbed to about US$2.1b on US$22.8b of revenue, and the consolidated operating margin reached 9.2%.
For a company often treated as a slow freight barometer rather than a profit engine, this margin rebuild is the headline. Management also raised full...