A marginal upturn in revenue failed to compensate for what has been a difficult first quarter for UPS, ending with a 17% drop in net income.
Despite this, the company had a positive tone during its investor call, turning to adjusted figures to find a glimmer of hope.
And one analyst noted that, while the results were “broadly mixed”, the company had weathered the competitive storm it had faced in recent years …
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Source: The Loadstar
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