Yahoo Finance

Shares of United Parcel Service fell about 5% Tuesday, after a Bank of America research analyst lowered his forecast for the parcel carrier’s earnings in the current quarter. In a research note Tuesday, Ken Hoexter wrote that he now expects UPS earnings per share for the quarter ending March 31 to come in at $1.31, down 15% from his previous forecast, because tariff uncertainty and winter weather are contributing to softer demand. The parcel carrier hasn’t reduced its operating costs enough to offset the decline in parcel volumes, Hoexter said.