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Stock Market & Financial Investment News

News Breaks
November 15, 2012
19:37 EDTFDX, UPSFedEx, UPS to face DEA probe over pain-pill shipments, WSJ reports
FedEx (FDX) is said to be close to facing criminal charges from the Drug Enforcement Administration over whether the company has been complicit in the illegal sale of prescription painkillers, according to a Wall Street Journal report. The report also noted that UPS (UPS) disclosed in SEC filings this month that it is cooperating with a similar DEA investigation and is in talks with the Justice Department to settle their case. Reference Link
News For FDX;UPS From The Last 14 Days
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July 29, 2014
12:13 EDTUPSOn The Fly: Midday Wrap
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09:58 EDTUPSUPS falls after earnings, levels to watch
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09:19 EDTUPSUPS says expects 'very strong' peak season
UPS says "all options are on the table" going forward after it evaluates its peak season performance, including consideration of a surcharge during peak season.
09:17 EDTUPSOn The Fly: Pre-market Movers
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09:01 EDTUPSUPS says treating 'Black Friday' as full operating day this year
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07:51 EDTUPSSenate Commerce, Science & Transportation Committee holds a hearing
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07:48 EDTUPSUPS reports Q2 Domestic revenue up 5.2%, International package up 6.2%
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07:48 EDTUPSUPS cuts FY14 adjusted EPS view to $4.90-$5.00, consensus $5.09
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07:46 EDTUPSUPS reports Q2 adjusted EPS $1.21, consensus $1.25
Reports Q2 revenue $14.27B, consensus $14.1B.
07:45 EDTUPSUPS reports Q2 adjusted EPS $1.21, consensus $1.25
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July 28, 2014
15:47 EDTUPSNotable companies reporting before tomorrow's open
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13:05 EDTUPSEarnings Preview: UPS shares near 52-week high ahead of Q2 report
United Parcel Service (UPS) is expected to report second quarter earnings on Tuesday, July 29, before the market open with a conference call scheduled for 8:30 am ET. UPS is a package delivery company and provider of global supply chain management solutions. EXPECTATIONS: Analysts are looking for earnings per share of $1.25 on revenue of $14.1B, according to First Call. The consensus range for EPS is $1.18-$1.28 on revenue of $13.91B-$14.29B. LAST QUARTER: UPS reported first quarter EPS of 98c against estimates for $1.08, on revenue of $13.78B against estimates for $13.91B. On its Q1 report, the company forecast FY14 EPS at the low end of the $5.05-$5.30 range, compared to consensus of $5.19. Kurt Kuehn, UPS CFO said, "During the quarter, the momentum of the underlying business was masked by the disruption of inclement weather. We are encouraged by the positive trends in our business and expect the remainder of the year to perform as we originally guided. However, due to the challenging start to 2014, we anticipate diluted earnings per share to be at the low end of our full-year guidance range of $5.05 to $5.30.Ē On its Q1 earnings conference call, management said it expects U.S. economic growth to pick up as 2014 progresses. They noted that the economy in Europe is showing signs of recovery and faster growth, though the pace may slow if situation in Ukraine deteriorates, while economic expansion in Asia has remained steady with mid-single digit growth. They expect FY14 CapEx of $2.5B with the pace of investments to accelerate during the year. They said emerging markets are the next step in the company's growth. On June 6, UPS named David Abney as its new CEO and appointed him to the board. STREET RESEARCH: Street research has been mixed in the weeks leading up to UPSís Q2 earnings report. This morning in a note to investors, Bernstein analyst David Vernon said he expects an in-line quarter at UPS with improvement in underlying domestic margins. Shares were rated Outperform. On July 21, Barclays reiterated its Overweight rating on UPS and raised its price target on shares to $120. The firm expects UPS' Q2 results to demonstrate the company's favorable growth potential. PRICE ACTION: UPS shares have traded modestly higher since Q1 results were released and approached their 52-week high of $105.37 earlier this month. The stock has gained over 17% over the past twelve months. In afternoon trading ahead of Tuesday's Q2 report, UPS shares are down almost 1.5%.
13:00 EDTUPSUPS technical commentary ahead of earnings
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July 18, 2014
16:20 EDTFDXOn The Fly: Closing Wrap
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11:35 EDTUPSUPS expands early morning delivery coverage
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09:32 EDTFDXFedEx slips in early trading, levels to watch
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06:33 EDTFDXFedEx says loss from DOJ suit 'could be material' if convicted
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06:30 EDTFDXFedEx says innocent of charges brought by Justice Department
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July 17, 2014
18:54 EDTFDXFedEx says innocent of drug charges, will plead not guilty, Bloomberg reports
18:52 EDTFDXFedEx indicted for its role in distributing controlled substances
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