ADVFN - Advanced Financial Network.
HOME» NYSE » U » UPS Stock Price » UPS Stock News

Ups Share News

 United Parcel Service Stock Price
UPS Stock Price
 United Parcel Service Stock Chart
UPS Stock Chart
 United Parcel Service Stock News
UPS Stock News
 United Parcel Service Company Information
UPS Company Information
 United Parcel Service Stock Trades
UPS Stock Trades

UPS Net Up 2.2% on Strength in US

United Parcel Service Inc.'s (UPS) second-quarter profit rose 2.2% as the package giant saw a stronger performance from its U.S. package segment, offsetting weakness overseas. But the company reduced its per-share earnings guidance for the year to $4.50 to $4.70 a share from its April guidance of $4.75 to $5 a share. "Increasing uncertainty in the United States, continuing weakness in Asia exports and the debt crisis in Europe are impacting projections of economic expansion," Chief Executive Scott Davis said. Shares slipped 3.3% to $75.38 in recent premarket trading as results also missed expectations. The stock is up 6.5% so far this year. UPS continues to face a weak global air-freight market, which has suffered from slumping volume in Asia and a drop in exports to the U.S., though the shipping company said earlier this year its domestic package shipments are rising at a brisk pace. Earlier this month, UPS's freight division raised its rates by an average 5.9% for noncontractual shipments in the U.S., Canada and Mexico. And in May the company outlined plans to use a higher percentage of cash to finance its $6.8 billion purchase of Dutch package shipper TNT Express N.V. (TNTE.AE, TNTEY) and received authorization to buy back an additional $5 billion in stock. UPS reported earnings of $1.12 billion, or $1.15 a share, up from $1.09 billion, or $1.09 a share, a year earlier. Revenue edged up 1.2% to $13.35 billion. Analysts surveyed by Thomson Reuters expected a profit of $1.17 on revenue of $13.7 billion. Operating margin widenened slightly to 13.4% from 13.2%. U.S. package revenue increased 4.1% as the unit's operating profit climbed 14%. Daily volume rose 4%. In the international package business, revenue slipped 4.1% under pressure from currency fluctuations, weaker global economies and reductions in exports from Asia, while operating profit slid 10%. Average volume per day was flat at 2.3 million. Supply chain and freight revenue fell 1.7% to $2.28 billion. Write to Saabira Chaudhuri at saabira.chaudhuri@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Ups (UPS)
DateTimeHeadline
06/24/201609:00:00UPS Announces Record Investment in France
06/23/201609:00:00The UPS Foundation to Award More Than $ 7.4 Million to Promote...
06/22/201610:00:00UPS Driver Training Center Opens in West Boylston, Massachusetts
06/17/201608:10:00Pre-Market Review on Air Delivery & Freight Services Equities...
06/15/201616:15:56Current Report Filing (8-k)
06/15/201615:00:00The Urgency of Trade and TPP
06/14/201607:08:00Today's Top Supply Chain and Logistics News From WSJ
06/13/201616:30:00FAA Slaps Amazon With $350,000 Penalty for Shipping Violation
06/10/201617:52:22Notice to Merrill Lynch Clients with Rampart Options Management...
06/08/201612:10:41INVESTOR ALERT: The Securities Arbitration Law Firm of Klayman...
06/08/201611:00:00UPS Study: Avid Online Shoppers Making More than Half of Their...
06/08/201606:05:31Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
06/08/201600:10:00Amazon Plans $3 Billion India Investment
06/07/201609:00:00UPS Integrad Driver Training Facility Opens in Cologne, Germany
06/06/201617:23:48Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
06/06/201609:32:31Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
06/02/201606:49:00Today's Top Supply Chain and Logistics News From WSJ
06/01/201601:10:00Amazon CEO Sides With Media in Gawker Case
05/26/201616:12:57Statement of Changes in Beneficial Ownership (4)
05/23/201606:58:00Today's Top Supply Chain and Logistics News From WSJ

Ups and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad