United Parcel Service, Inc. (UPS)
UPS shares slide on earnings miss, guidance cut
United Parcel Service on Thursday reported profit and revenue for the second-quarter that came in below expectations It also cut its 2024 revenue guidance to approximately $93 billion, revised from a previous forecast for as much as $94.5 billion.
UPS's stock dives after profit and revenue miss expectations, full-year outlook is trimmed
Shares of United Parcel Service Inc. UPS, dropped 6.7% in premarket trading Tuesday, after the package delivery giant reported second-quarter profit and revenue that missed expectations, amid weakness in the domestic business. Operating profit fell 30.1% from a year ago, while net income came in at $1.41 billion, or $1.65 a share.
UPS quarterly profit falls on high labor costs, weak small-package demand
United Parcel Service reported a decline in second-quarter earnings on Tuesday after subdued package delivery demand and higher costs from its Teamsters labor contract squeezed profits.
EXCLUSIVE: Google's YouTube 'Crushing The Competition,' While Under-The-Radar Stock Will Give 'Pulse On What's Driving This Market,' Says Strategist
An earnings report from United Parcel Service UPS is a key item to watch this week, according to market strategist Jay Woods, who spoke to Benzinga about the multiple companies reporting earnings.
UPS: A Nearly 5% Yielding A-Rated Strong Buy For This Overvalued Market
The S&P rally is only justified if strong earnings growth continues or accelerates. A lower risk strategy is to buy high-yield value blue-chips like UPS. Falling interest rates, a strong economy, and a value rotation could create perfect tailwinds for high-yield stocks like UPS.
UPS, FedEx Say Deliveries May Be Delayed by Microsoft Outage
Both UPS and FedEx told their customers Friday (July 19) that package deliveries may be delayed due to the global Microsoft outage that began late Thursday (July 18). “A third-party software outage is impacting some UPS computer systems,” UPS said in a service alert on its website.
Why the Market Dipped But United Parcel Service (UPS) Gained Today
United Parcel Service (UPS) reachead $147.38 at the closing of the latest trading day, reflecting a +0.03% change compared to its last close.
Analysts Estimate United Parcel Service (UPS) to Report a Decline in Earnings: What to Look Out for
UPS (UPS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
UPS Gears Up to Release Q2 Earnings: What's in the Offing?
High labor costs are likely to have hurt UPS' performance in the second quarter of 2024.
Here's Why UPS Slumped 13% in the 1st Half of 2024, and Why It Could Come Back in the 2nd Half
Increases in costs in connection with a labor contract and declining volumes hit UPS in the first half. Management expects volumes to improve in the second half, cost comparisons to ease, and year-over-year earnings to significantly increase.
Profitable Parcels And Passive Income: Why 4.6%-Yielding UPS Is A Bullish Bet
United Parcel Service, Inc. faces challenges in a competitive market, including labor issues and pressure from Amazon, leading to a need for growth in other areas. Recent strategic moves, such as the sale of Coyote Logistics and a partnership with USPS, aim to improve operational efficiency and focus. Despite macroeconomic headwinds, UPS remains confident in achieving its financial targets, offering a compelling investment opportunity with a good risk/reward profile.
United Parcel Service (UPS) Rises As Market Takes a Dip: Key Facts
United Parcel Service (UPS) closed the most recent trading day at $138.24, moving +1.91% from the previous trading session.
