11:42 AM EST, 01/30/2025 (MT Newswires) -- (Updates with UPS' earnings call details regarding Amazon ( AMZN ) and recent share movement starting in the sixth paragraph.)

United Parcel Service ( UPS ) reported Q4 adjusted earnings Thursday of $2.75 per diluted share, up from $2.47 a year earlier.

Analysts polled by FactSet expected $2.53.

Revenue for the quarter ended Dec. 31 was $25.3 billion, up from $24.9 billion a year earlier.

Analysts surveyed by FactSet expected $25.4 billion.

For 2025, the company said it expects revenue of about $89.0 billion. Analysts polled by FactSet expect $95.0 billion.

UPS Chief Financial Officer Brian Dykes said on an earnings call that the company has reached an agreement in principle with Amazon.com ( AMZN ) "to significantly reduce" the amount it delivers for them.

"The accelerated decline has already begun and will step up meaningfully so that by the second half of 2026, their volume will be down by more than 50% of what it was at the beginning of the year," Dykes said.

Amazon ( AMZN ) did not immediately reply to a request for comment from MT Newswires.

Shares of the company were more than 17% lower in recent trading.

Price: 110.82, Change: -22.96, Percent Change: -17.16