UPS Q1 earnings fail to meet expectations, company cites deceleration in U.S. retail sales

Tue, Apr 25, 2023, 9:36 AM

In this article:

Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in stock for UPS following first-quarter earnings.

Video Transcript

BRAD SMITH: The earnings keep rolling on this morning as well. UPS saw lower volume than anticipated in Q1, blaming a deceleration in US retail sales. Revenue slumped slightly as a result, and the shipping giant predicting low volume will continue in upcoming quarters thanks to tightening economic conditions.

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UPS Q1 earnings fail to meet expectations, company cites deceleration in U.S. retail sales

Video Transcript

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