Why United Parcel Service Stock Is Down Today
United Parcel Service (NYSE: UPS) beat earnings estimates for the second quarter but lowered full-year guidance. Investors were unimpressed, sending UPS shares down as much as 3% on Tuesday morning.
UPS delivered for investors in the second quarter, reporting adjusted earnings of $2.54 per share compared to analyst expectations for $2.50. But revenue, at $22.1 billion, was about $1 billion short of expectations, with volumes below the consensus for both domestic and international shipping.
Next-day air, UPS's premium offering, saw volumes fall by 22.4% year over year.
Source Fool.com
United Parcel Service Inc. Stock
€90.40
-0.680%
With 27 Buy predictions and 4 Sell predictions United Parcel Service Inc. is one of the favorites of our community.
As a result the target price of 102 € shows a slightly positive potential of 12.83% compared to the current price of 90.4 € for United Parcel Service Inc..
