U.S. Stock Market Activity | United Parcel Service (UPS.US) Drops Over 9% After Refusing to Provide Earnings Guidance

According to the intelligence finance APP, on Tuesday, the stock price of United Parcel Service (UPS.US) declined, as of the time of publication, the stock fell more than 9% to $91.9. On the news front, the company previously announced its second-quarter financial report and refused to provide profit guidance due to difficulty in predicting market fluctuations. The financial report shows that UPS's second-quarter revenue was $21.2 billion, a year-on-year decrease of 2.8%, which exceeded market expectations; non-GAAP earnings per share were $1.55, lower than the market's expected $1.57.