India, Jan. 30 -- United Parcel Service, Inc. (UPS) reported Thursday higher profit in its fourth quarter with growth in revenues. Adjusted earnings beat market estimates, while topline missed the Street view. Further, the company issued fiscal 2025 revenue forecast below market.
The company also said it is planning capital expenditures of about $3.5 billion, dividend payments of around $5.5 billion, subject to board approval, and share repurchases of around $1.0 billion.
On the NYSE, UPS shares were losing around 11 percent to trade at $119.01.
Further, UPS announced a set of strategic actions.
The company has reached an agreement in principle with its largest customer to lower its volume by more than 50 percent by the second half of 2...