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UPS electric vehicle delivery van on 2nd December 2022 in London, United Kingdom.
Mike Kemp | In Pictures | Getty Images
United Parcel Service on Tuesday reported fourth-quarter revenue that missed Wall Street’s expectations and declined from last year, as the company continues to see volume fall amid cooling demand.
The shipping and delivery company on Tuesday offered full-year guidance that fell below analyst’s expectations. It is projecting revenue between $97 billion and $99.4 billion, versus analysts’ estimates of $99.98 billion. Still, UPS expects the second half of the year to be better than the first.
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Shares of the company closed over 4% higher in Tuesday…
Source cnbc.com
