UPS (UPS) Reports In-Line Q4 EPS, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

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Go back to UPS (UPS) Reports In-Line Q4 EPS, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

UPS doubling down on weekend deliveries as e-commerce booms and Amazon looms

January 29, 2020 5:18 PM EST

By Lisa Baertlein

(Reuters) - United Parcel Service Inc (NYSE: UPS) said it aims to more than double weekend deliveries in 2020 as package carriers look for ways to satisfy the always-on demands of e-commerce customers, including rising rival Amazon.com Inc (NASDAQ: AMZN). The world's biggest online retailer pioneered seven-day delivery in 2013, in partnership with the U.S. Postal Service (USPS), and is now spending billions of dollars to speed up its free shipping.

UPS added Sunday to its weekend services at the start of this year,... More

UPS (UPS) PT Lowered to $134 at UBS

January 28, 2020 6:49 AM EST

UBS analyst Thomas Wadewitz lowered the price target on UPS (NYSE: UPS) to $134.00 (from $136.00) while maintaining a Buy rating.... More