Delayed deliveries dampen United Parcel Service results, stock falls

United Parcel Service slumped 6.4 percent to $119.11 Thursday after it said logistical problems affected its business in the fourth quarter, including system bottlenecks and delayed deliveries in the period leading up to Christmas. The stock closed Friday at $116.47.

February 3, 2018 at 8:00PM
FILE - In this July 22, 2009 file photo, a United Parcel Service (UPS) package is shown in Palo Alto, Calif. UPS said Friday, Jan. 8, 2010, it will cut 1,800 management and administrative positions to streamline its U.S. package segment. (AP Photo/Paul Sakuma, file) ORG XMIT: MIN2013082119264304
Delayed deliveries dampened United Parcel Service as stocks slumped 6.4 percent on Thursday. (The Minnesota Star Tribune)

Address unknown: United Parcel Service slumped 6.4 percent to $119.11 Thursday after it said logistical problems affected its business in the fourth quarter, including system bottlenecks and delayed deliveries in the period leading up to Christmas. The stock closed Friday at $116.47.

Missed mark: Apple shares fell 4.3 percent to $160.50 Friday despite quarterly earnings and revenue that beat last quarter. IPhone shipments missed estimates, and its guidance for the current quarter was weaker than expected.

Highflier: Boeing climbed 5.8 percent to $357.46 Wednesday after the aerospace giant's latest quarterly earnings topped Wall Street's expectations and it projected a 7 percent increase in aircraft shipments for 2018. The stock closed Friday at $348.91.

Margin worry: Alphabet shares dropped 4.8 percent to $1,111.90 Friday as the parent company of Google missed on earnings but beat forecasts on revenue. Investors appear to be concerned about tightening margins.

Queasy rider: Harley-Davidson tumbled 8.7 percent to $50.46 Tuesday after the motorcycle maker said it will close its Kansas City, Mo., plant as shipments are projected to decline again this year. The stock closed ­Friday at $47.50.

Drink it up: Dr Pepper Snapple Group jumped 23.5 percent to $118.10 Monday after it agreed to be acquired by Keurig for $16.6 billion. The deal would create a ­company with $11 billion in annual sales. The shares closed Friday at $118.71.

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