UNITED Parcel Service (UPS) has revised its annual profit projection due to increased expenses resulting from a new labour contract with the union and reduced demand for its package services, reports Bloomberg. In a statement, UPS reported adjusted earnings of US$1.57 per share, marking a 47 per cent decline compared to the previous year. Analysts had initially expected earnings of $1.52 per share, but they revised their estimates downward by 40 cents to account for the impact of the new labour...
https://www.seanews.com.tr/ups-cuts-forecast-again-after-new-labour-deal-shreds-profit/198750/