Brownsocks
Just a dog
We know how they beat the EPS forecast.
Thoughts?
Thoughts?
UPS Q2 earnings released today 8/8
- Thread starter Brownsocks
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Wall Street doesn't like it
Since EPS was down 22.8% from last year, I'm going to go with a bad market consensus, if that is accurate. You can try to spin it but the numbers announced today are not good, which is why the stock took an immediate hit.
Up In Smoke
Well-Known Member
The options market is what moves the stock price.
So revenue being down 10.9%, profit being down 21.4% / 18.4% and reduced fiscal year projections has nothing to do with it? Ok.
anonymous23456
Well-Known Member
Some people will have to catch Covid 2.0 so that UPS can make more money again! 
Over70irregs
Well-Known Member
There is a reason banks are being downgraded. Slowdowns are here… It affects everything.
www.cnbc.com
Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
Moody's on Monday cut the credit ratings of a host of small and mid-sized U.S. banks and placed several Wall Street big names on negative review.
Up In Smoke
Well-Known Member
Sure it does, but derivative trading accelerates the market moves. There was a large number of calls purchased. The underlying thought was UPS was hiding a better than expected quarter from the public to help with negotiations.
Over70irregs
Well-Known Member
Just vote
anonymous23456
Well-Known Member
How wrong that was! I did say that this quarter's earnings are down. UPS just can't answer the analysts' questions about the strike. Hence that was the reason for the delay. Many in here were saying because UPS wants to hide info. They should look beyond UPS.
JL 0513
Well-Known Member
Kinda surprised UPS delayed the report until after the tentative agreement. People were saying it was because they would show big profits and hurt their negotiations but they were way down from last year.
Saw another article today saying UPS's outlook for the coming year isn't good between a slowing economy and much higher wage costs. On top of the lost business due to breakdown in talks last month.
Saw another article today saying UPS's outlook for the coming year isn't good between a slowing economy and much higher wage costs. On top of the lost business due to breakdown in talks last month.
yadadamean116
Well-Known Member
Way down from last year. Comparing an inflationary last couple years to a now tightening fiscal policy, pretty much common sense. They still made billions. Problem is Wall Street always wants more more more growth every quarter. Unsustainable
anonymous23456
Well-Known Member
Funny that they don't want growth (in cancer)!
anonymous23456
Well-Known Member
Tell me what has been in "growth" mode? College tuitions and medical expenses....when will they punch a hole through the roof?
We need a reset.
The average income of men reached a new record level in 1955, according to estimates released today by the Bureau of the Census,Department of Commerce. The average (median) income of men was $3,400 in 1955, a gain of about $160 over the previous year.
We need a reset.
The average income of men reached a new record level in 1955, according to estimates released today by the Bureau of the Census,Department of Commerce. The average (median) income of men was $3,400 in 1955, a gain of about $160 over the previous year.
Ups will lose volume due to not servicing customers like we used to. Residential air delivered by 12:30. Customers having to pay to pick their packages up from the building. Cutting routes which affects the time of business deliveries and caused missed business deliveries.
Big hint. Don't take care of the customers, and they won't take care of you.
As for all the people that say, well FedEx and Amazon due it that way. Those companies have always copied ups. Quit, assuming we should even come close to coping them. Ups has and should always be the leader.
I forgot one of the ones we used to do. Next day air saver. What's that??
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Will be a lot of lower paid drivers in the Central States after everyone retires the next year
DELACROIX
In the Spirit of Honore' Daumier
Just another good excuse to cut management..
Not being vindictive, just stating the facts.
Nothing new…it has been a prime directive over the last 10 years, Carol will now have another reason when this tentative gets passed.
Sometime next year…
But the dollar was being devalued at that point due to it about to not be backed by gold.
Over70irregs
Well-Known Member
We have a problem. They have no solutions.
People need to quit spending so much
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