UPS Earnings Counter Q4 GDP Data With 12,000 Job Cuts; Stock Tumbles On Slight Dividend Increase
reported worse-than-expected fourth-quarter revenue Tuesday along with 2024 guidance well below analyst expectations. Meanwhile the package delivery giant also announced it is reducing its workforce by 12,000 as it hiked its quarterly dividend by one penny. UPS stock plummeted early. The company…
#q4eps #eps #domesticpackage #internationalpackage #caroltomé #tomé #fedex #q3 #fedratecuts #strengthrating