Stock Market Fluctuation | Refuses to Provide Earnings Guidance as UPS Falls Over 9%
According to our financial sources, on Tuesday, the stock price of United Parcel Service (UPS.US) fell sharply, with a decline of over 9% by the time this article was published, closing at $91.9 per s
According to our financial sources, on Tuesday, the stock price of United Parcel Service (UPS.US) fell sharply, with a decline of over 9% by the time this article was published, closing at $91.9 per share. The reason for this fluctuation is that the company had previously announced its second-quarter earnings report and refused to provide guidance due to difficulties in gauging market volatility. The earnings report showed that United Parcel Service's second-quarter revenue reached $21.2 billion, a decrease of 2.8% year-over-year, exceeding market expectations; non-GAAP diluted earnings per share were $1.55, lower than the expected $1.57.