Moody’s Downgrades Banks, Pharma Stocks Surge, UPS Cuts Forecast 8/8/23
Squawk on the Street
00:00
FedEx and the Teamsters
UPS shares are down 3%, after the company cuts its forecast, it is a beat, but sales missed Jim. Some of the margins after the Teamsters deal are now in focus. When you're paying your people more and you're not doing the revenues, that does hurt the bottom line. It was pretty ugly.
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