Shares of United Parcel Service (NYSE: UPS) were sliding today in sympathy with a weak quarterly earnings report from rival FedEx (NYSE: FDX). The latter missed estimates in its fiscal second quarter and lowered its guidance for the full year.

As of 11:02 a.m. ET on Wednesday, UPS stock was down 1.5% after falling as much as much as 3.2% earlier in the session. FedEx, on the other hand, was down 10.7%.

Image source: UPS.

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Source Fool.com