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What UPS' Coronavirus-Influenced Quarterly Report Revealed to Investors

What UPS' Coronavirus-Influenced Quarterly Report Revealed to Investors

In a move unlikely to surprise anyone, UPS followed FedEx (NYSE: FDX) in withdrawing its full-year guidance due to the impact of the COVID-19 pandemic. The contrast is most striking in the U.S. domestic package segment, where a high-single-digit revenue increase matched with a 42.2% fall in operating profit.