UPS profit hurt by severe weather, issues disappointing outlook for second quarter; shares sink

cheryl

I started this.
Staff member
UPS profit hurt by severe weather, issues disappointing outlook for second quarter; shares sink - Reuters

United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% percent in early trading.

Despite the rough start to the year, the world’s biggest package delivery company stuck by its forecast for 2019 earnings of $7.45 to $7.75 per share. That raises the pressure for Atlanta-based UPS, which is spending billions of dollars to modernize its network, to meet its targets during this year’s key winter holiday season.

“There is pressure on management to execute at a high level during the peak,” Cowen and Co. analyst Helane Becker said in a client note.
 

InsideUPS

Well-Known Member
UPS profit hurt by severe weather, issues disappointing outlook for second quarter; shares sink - Reuters

United Parcel Service Inc on Thursday blamed harsh winter weather in the United States as it reported lower-than-expected first-quarter profit, sending shares down more than 7% percent in early trading.

“There is pressure on management to execute at a high level during the peak,” Cowen and Co. analyst Helane Becker said.
------> a.k.a. "Fudging Numbers".

"The average temperature in 2018 was 1.51 degrees Fahrenheit above the 20th century average and was is one of the warmest year on record. "Annual average temperature United States 2018 | Statistic

Anyone remember when "dishonesty" was a dischargeable offense? Almost forgot.....that rule is for hourly only....
 

Old Man Jingles

Rat out of a cage
------> a.k.a. "Fudging Numbers".

"The average temperature in 2018 was 1.51 degrees Fahrenheit above the 20th century average and was is one of the warmest year on record. "Annual average temperature United States 2018 | Statistic

Anyone remember when "dishonesty" was a dischargeable offense? Almost forgot.....that rule is for hourly only....
Ignorance can be funny ... kudos.
Knowing that a tomato is a fruit is knowledge.
Knowing not to put a tomato in a fruit is wisdom.

PS - I like your avatar!
31414.jpg
 
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Old Man Jingles

Rat out of a cage
Right now, it's just a tough quarter, brought on largely by cruddy weather. It was basically peak into March at my center because of the snow. We were behind 3 full days at one point in late Feb.
NOW, we really get to see where we're at here in Q2. Another big loss could bring on drastic changes and pandemonium
But, but, but ...
"The average temperature in 2018 was 1.51 degrees Fahrenheit above the 20th century average and was is one of the warmest year on record." Annual average temperature United States 2018 | Statistic
 

InsideUPS

Well-Known Member
More weather stats for Atlanta...


More food trivia - Strawberries are not actually fruits nor are they berries...

Also...thank you Old Man Jingles & Miles Kington for that bit of wisdom regarding tomatoes..
“Knowledge is knowing that a tomato is a fruit, wisdom is not putting it in a fruit salad.”

 
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