India, Jan. 30 -- United Parcel Service, Inc. (UPS) shares dropped 16.84 percent to $111.25 during Thursday morning trading after the company projected annual revenue well below expectations.
Shares opened at $117.39, hitting a low of $110.81, marking the lowest level in a year. The stock has now traded between $110.81 - $158.95 over the past 52 weeks.
The courier company forecasted $89 billion in revenue for 2025, missing analyst expectations of $94.9 billion. For 2024, revenue came in at $91.1 billion, with 11.8 percent of that tied to Amazon.
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