NEW YORK, NY / ACCESSWIRE / July 29, 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.
UPS lowered its full-year forecast. But U.S. package delivery volumes rose for the first time in nine quarters.
U.S. delivery volume grew in the second quarter, but it came from less profitable deliveries. UPS management lowered its full-year guidance.
Earnings season presents bargain hunting opportunities for value investors. UPS stock price dropped 12% after Q2 earnings release, presenting a potential buying opportunity. UPS's strategic initiatives, strong balance sheet, and dividend yield make it an attractive investment for patient value investors.
NEW YORK, NY / ACCESSWIRE / July 26, 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.
UPS missed on revenue and earnings, sending shares tumbling early in the week. The aftermath saw analysts revising their estimates.
NEW YORK, NY / ACCESSWIRE / July 25, 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.
United Parcel Service had a disappointing second quarter, missing revenue and EPS estimates, leading to a 12% stock drop. Volume mix skewed towards lower-priced services in the US, impacting UPS's profitability and revenue growth. Acquisition of Estafeta in Mexico could benefit from nearshoring trend, but questions remain about the country's productivity and success of the strategy.
The transportation sector was jolted by weak results of bellwether United Parcel Service (UPS) on Jul 23, which dampened investors' mood and compelled them to be cautious about the stock and the broader sector.
United Parcel Service (UPS) shares dropped 12% on Tuesday, hitting a four-year low, after the shipping giant posted a steep decline in second-quarter profit and trimmed its outlook, as package deliveries normalize from pandemic-era highs.
United Parcel Service NYSE: UPS turned a corner in Q2, but the odds are high that the rebound won't start soon or will be vigorous when it does. While volume growth is present, for the first time in over two years, it was weak and offset by other factors that suggest an L-shaped recovery is the best to expect.
After wavering for much of the day, major U.S. equities indexes slipped in the afternoon to end Tuesday in negative territory. The session came as earnings season intensified, with anticipation of reports from Tesla (TSLA) and Google parent Alphabet (GOOGL) set to be released after the closing bell.