NEW YORK, NY / ACCESSWIRE / August 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of United Parcel Service, Inc. ("United Parcel Service") (NYSE:UPS) concerning possible violations of federal securities laws.
On July 23, 2024, UPS announced its earnings for the second quarter of 2024 and lowered its guidance for the remainder of the year. The company's operating profit was approximately 30% less than the second quarter of 2023, missing analyst estimates. UPS cited "the current volume momentum we are now experiencing in our business" as the reason for lowering its revenue guidance.
Following the news, on July 23, 2024, UPS's stock price opened 10% below the prior day market closing price. To obtain additional information, go to:
https://zlk.com/pslra-1/united-parcel-service-inc-lawsuit-submission-form?prid=93869&wire=1
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212)363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212)363-7500
Fax: (212)363-7171
https://zlk.com/
SOURCE: Levi & Korsinsky, LLP
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