Reply to thread

Message

<blockquote data-quote="anonymous23456" data-source="post: 5961763" data-attributes="member: 104188">(Bloomberg) -- United Parcel Service Inc.’s shares tumbled the most in more than 15 years after the parcel giant reported a profit well short of Wall Street’s estimates amid pressure from wage inflation and soft package demand.Adjusted second-quarter earnings were $1.79 per share, the parcel giant said Tuesday in a statement. Analysts had predicted $1.98 a share on average, according to estimates compiled by Bloomberg. Revenue was also short of expectations.UPS narrowed its revenue guidance for the full year to $93 billion from a prior forecast of as much as $94.5 billion. The company also restarted a share buyback program targeting around $1 billion annually.“Today’s weaker-than-expected results will not leave investors with a feeling of confidence in the outlook,” Barclays analyst Brandon Oglenski said in a research note.</blockquote>

[QUOTE="anonymous23456, post: 5961763, member: 104188"] (Bloomberg) -- United Parcel Service Inc.’s shares tumbled the most in more than 15 years after the parcel giant reported a profit well short of Wall Street’s estimates amid pressure from wage inflation and soft package demand. Adjusted second-quarter earnings were $1.79 per share, the parcel giant said Tuesday in a statement. Analysts had predicted $1.98 a share on average, according to estimates compiled by Bloomberg. Revenue was also short of expectations. UPS narrowed its revenue guidance for the full year to $93 billion from a prior forecast of as much as $94.5 billion. The company also restarted a share buyback program targeting around $1 billion annually. “Today’s weaker-than-expected results will not leave investors with a feeling of confidence in the outlook,” Barclays analyst Brandon Oglenski said in a research note. [/QUOTE]

Verification