New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 17, 2014
12:12 EDTUPS, CNW, FDX, JBHT, ABFSUPS, Con-way warnings weigh on transportation stocks
Shares of a number of transportation companies are dropping after two of the companies in the sector, UPS (UPS) and Con-way (CNW), pre-announced weaker than expected results. WHAT'S NEW: UPS and Con-way - which provide transportation and supply chain management services - both said that they faced challenges over the last several weeks of the fourth quarter. UPS, which pre-announced its results this morning, stated that it was hurt by the compressed holiday shopping season. The company said the "unprecedented" level of online shopping featured a surge of orders at the very end of the season. As a result of these last minute orders, UPS stated that it had to take "extraordinary measures" that included the deployment of additional equipment and people. UPS estimated that its fourth quarter earnings per share would be $1.25, versus analysts' consensus estimate of $1.43. The company predicted that its fiscal 2013 earnings per share, excluding certain items, would be $4.57, versus the consensus estimate of $4.75. Meanwhile, Con-way said that its expenses generated by employee benefits and cargo claims were higher than expected in the fourth quarter, particularly during December. In addition, its operating efficiencies were lower than anticipated, primarily due to poor weather late in the quarter, the company stated. Con-way estimated that its fourth quarter earnings per share would "approximate" 21c, versus the consensus estimate of 39c. PRICE ACTION: In late morning trading, UPS fell 1.9% to $98.50 and FedEx (FDX) lost 0.5% to $141. Meanwhile, Con-way shares fell 3% to $40, trucker J.B. Hunt (JBHT) dropped 1.15% to $77.60, and another trucking company, Arkansas Best (ABFS), sank 3.5% to $34.10.
News For UPS;CNW;FDX;JBHT;ABFS From The Last 14 Days
Check below for free stories on UPS;CNW;FDX;JBHT;ABFS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 29, 2014
07:45 EDTUPSUPS reports Q2 adjusted EPS $1.21, consensus $1.25
Subscribe for More Information
July 28, 2014
15:47 EDTUPSNotable companies reporting before tomorrow's open
Subscribe for More Information
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
Subscribe for More Information
July 23, 2014
09:41 EDTCNWActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL NFLX FB MSFT CELG TWTR TSLA VALE CNW
July 18, 2014
16:20 EDTFDXOn The Fly: Closing Wrap
Subscribe for More Information
11:35 EDTUPSUPS expands early morning delivery coverage
Subscribe for More Information
09:32 EDTFDXFedEx slips in early trading, levels to watch
Subscribe for More Information
06:33 EDTFDXFedEx says loss from DOJ suit 'could be material' if convicted
Subscribe for More Information
06:30 EDTFDXFedEx says innocent of charges brought by Justice Department
Subscribe for More Information
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
Subscribe for More Information
July 16, 2014
10:00 EDTJBHTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:58 EDTJBHTJ.B. Hunt upgraded to Outperform from Market Perform at Bernstein
06:58 EDTJBHTJ.B. Hunt upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded J.B. Hunt to Outperform based on valuation and earning momentum. The firm believes J.B. Hunt is well positioned to capitalize on the trend to intermodal from truck given its strong market position and relationships with railroads. Price target raised to $86 from $78.
06:18 EDTFDXTNT Express receives Statement of Objections from French Competition Authority
Subscribe for More Information
06:16 EDTFDXFedEx says France investigating anticompetitive behavior
On June 30, FedEx said it received a Statement of Objections from the French Competition Authority addressed to FedEx Express France, formerly known as TATEX, regarding an investigation by the FCA into anticompetitive behavior that is alleged to have occurred primarily in the framework of trade association meetings that included the former general managers of TATEX prior to our acquisition of that company in July 2012. FedEx says that "Given the early stage of this matter, we cannot yet determine the amount or range of potential loss; however, it is reasonably possible that it could be material."
July 15, 2014
10:32 EDTUPSUPS increases presence in Brazil by opening 9 facilities
Subscribe for More Information
10:05 EDTJBHTJ.B. Hunt backs FY14 revenue growth view of 10%-12%, consensus $6.19B
Subscribe for More Information
08:31 EDTJBHTJ.B. Hunt reports Q2 EPS 79c, consensus 79c
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use