UPS (UPS) CEO Carol Tome added that the current Amazon (AMZN) business is currently “extraordinarily dilutive” to profitability.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UPS:
- UPS will be under pressure as Amazon ‘shoe drops,’ says Morgan Stanley
- UPS CEO says Amazon accounted for 11.8% of total company revenue in FY24
- Morning Movers: UPS and Cigna plunge double digits following Q4 results
- UPS CEO says if had not accelerated Amazon glide-down, would be capping margin
- JPMorgan expects UPS to materially underperform on accelerated Amazon glide-down