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By press time on April 30, the United Parcel Service (NYSE: UPS) – or rather, UPS workers – was the first major casualty of the escalating 2025 trade war.
United Parcel Service' first-quarter 2025 earnings increase year over year while revenues decrease.
United Parcel Service, Inc. (NYSE:UPS ) Q1 2025 Earnings Conference Call April 29, 2025 8:30 AM ET Company Participants PJ Guido - IR Officer Carol Tome - CEO Brian Dykes - EVP and CFO Nando Cesarone - EVP and President U.S. Kate Gutmann - EVP and President International, Healthcare and Supply Chain Solutions Conference Call Participants Tom Wadewitz - UBS Ariel Rosa - Citigroup Scott Group - Wolfe Research Jordan Alliger - Goldman Sachs David Vernon - Bernstein Chris Wetherbee - Wells Fargo Ken Hoexter - Bank of America Jason Seidl - TD Cowen Stephanie Moore - Jefferies Brian Ossenbeck - J.P. Morgan Bruce Chan - Stifel Operator Good morning.
United Parcel Service (UPS) entered 2025 navigating the currents of a rapidly evolving logistics landscape. “We are focusing on controlling what we can control and executing our strategy to improve long-term profitability,” UPS CFO Brian Dykes told investors on Tuesday's (April 29) first-quarter 2025 earnings call.
UPS announced it's cutting 20,000 jobs and shuttering 73 of its facilities as it cuts costs as part of a reduction in Amazon shipments, while also facing economic uncertainty.
The headline numbers for UPS (UPS) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Shares in UPS ticked up less than 1% premarket after the company said it expects to save $3.5 billion this year from the job cuts and by shutting 73 leased and owned buildings by the end of June.
United Parcel Service expects to cut 20,000 jobs this year and close facilities as it dramatically reduces shipments for e-commerce giant Amazon.com Inc. Lee Klaskow of Bloomberg Intelligence has more. -------- More on Bloomberg Television and Markets Like this video?
Close U.S. stock futures are mixed on the heels of a five-session rally for the Dow Jones Industrial Average and S&P 500 amid a wave of corporate earnings; General Motors (GM) shares are declining in premarket trading after the automaker delayed updating its outlook and postponed its earnings call; UPS shares are (UPS) gaining after the firm's results beat estimates; Coca-Cola (KO) stock is moving higher after it reported better-than-expected profit while saying that tariff impacts would be "manageable"; and President Donald Trump reportedly may soften the impact of his auto tariffs. Here's what investors need to know today. 1. US Stock Futures Mixed After Dow, S&P 500 Extend Rallies U.S. stock futures are mixed after the Dow Jones Industrial Average and S&P 500 extended their gains to five consecutive sessions Monday as investors continued to pour over a parade of corporate earnings. Dow futures are 0.4% higher, while S&P and Nasdaq futures are down less than 0.1% and 0.2%, respective
This morning's earnings movers saw down arrows ahead of the opening bell. Spotify (SPOT) was down as much as 7% when it's bottom line saw a big miss despite healthy subscriber growth.