UPS profit falls on high labor costs, weak small-package demand
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UPS reported a 3.2% decline in average daily volumes in its domestic segment and a 5.8% drop in its international segment, but said volumes "showed improvement through the quarter". "Revenue in both major businesses, U.S. Domestic and International, fell short of expectations," said Jonathan Chappell, equity analyst at Evercore ISI, in a research note.
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Mphasis Q4 profit dips 2.9%, revenue falls 5.2%
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