Earnings came in at $1.63 per share for the quarter, below analysts' estimates of $1.69. Revenue was also light at $16.9 billion versus projections of $17 billion for the quarter.
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UPS is sliding after weak earnings (UPS)
UPS, the logistics and package delivery company, is sliding after posting weaker than expected fourth quarter earnings.
Guidance was also below market expectations. UPS said it expected 2017 full-year earnings per share between $5.80 and $6.10 a share, lower than the $6.17 expected by Wall Street.
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Shares of the company were down just over 4% in pre-market trading as of 8:19 a.m. ET.
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