Ahead of the Bell: UPS - Yahoo
A pair of analysts on Friday backed their "Buy" ratings for UPS, but cut their earnings estimates, citing slowing global demand for its services.
On Thursday, United Parcel Service Inc., the world's largest package delivery company, backed its earnings forecast for the full year, despite what it warned will be a "bumpy ride" for the global economy.
Speaking at the company's investor conference in Louisville, Ky., Chief Financial Officer Kurt Kuehn said UPS has seen "momentum in the U.S. basically stall." Still, the company said it had already projected a slowing growth rate in the U.S. and sees the "slow but stable" pace continuing
A pair of analysts on Friday backed their "Buy" ratings for UPS, but cut their earnings estimates, citing slowing global demand for its services.
On Thursday, United Parcel Service Inc., the world's largest package delivery company, backed its earnings forecast for the full year, despite what it warned will be a "bumpy ride" for the global economy.
Speaking at the company's investor conference in Louisville, Ky., Chief Financial Officer Kurt Kuehn said UPS has seen "momentum in the U.S. basically stall." Still, the company said it had already projected a slowing growth rate in the U.S. and sees the "slow but stable" pace continuing
