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.
A UPS worker delivers packages on December 26, 2013 in Chicago, Illinois. Bad weather and a higher than expected demand from online sales caused FedEx and UPS to miss many Christmas delivery deadlines.
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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