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Shares of United Parcel Services Inc. took a beating Tuesday, to suffer their worst effectiveness in 17 several years, following the package deal delivery giant fell limited of profits expectations, as fall-off in demand from customers late in the first quarter led to reduce-than-anticipated volume.
Even though initially-quarter revenue declined in line with forecasts and consolidated working margin was a touch over approach, the organization decreased its outlook for entire-calendar year revenue and margins.
“In…
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