United Parcel Service (UPS) earnings and revenue missed analysts’ estimates.
The package delivery/supply chain management company reported adjusted earnings of $1.39 a share, below analysts’ estimates of $1.42 a share (based on FactSet poll). The figure is also lower compared to the year-ago quarter’s $1.55 a share.
Apparently, the winter weather set back profit by about $80 million (or 7 cents a share), as indicated by the company.
UPS shares declined more than -5.5% in early trading Thursday.