New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 30, 2013
05:48 EDTUPS, TNTEYEuropean Commission confirms blocking of UPS takeover of TNT Express
The European Commission announced that it has prohibited under the EU Merger Regulation the proposed acquisition of TNT Express (TNTEY) by UPS (UPS). The Commission found that the take-over would have restricted competition in 15 Member States when it comes to the express delivery of small packages to another European country. In these Member States, the acquisition would have reduced the number of significant players to only 3 or 2, leaving sometimes DHL as the only alternative to UPS, the EU said. The agency added, "The concentration would therefore have likely harmed customers by causing price increases. During the investigation, UPS offered to divest TNT's subsidiaries in these 15 countries and allow the buyer to access its intra-European air network for five years. The Commission carried out an in-depth assessment, including a market test where customers and other interested parties were consulted. However, these remedies proved inadequate to address the identified competition concerns." Recall that UPS dropped its takeover bid TNT Express, saying the merger would be blocked by the European Commission. Reference Link
News For UPS;TNTEY From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 24, 2014
08:45 EDTUPSUPS says current market trends creates favorable environment for growth
Expects e-commerce market likely will triple in the next few years. By the end of 2015, expects to increase 12K to 20K locations. Says the investments in 30 new technology solutions will have benefits "far beyond" the 2014 peak season. Expects to have 47 new or expanded facilities in the US by 2014 peak season. Comments taken from Q3 earnings conference call.
07:48 EDTUPSUPS reports Q3 global shipments up 6.9% to 1.1B
Daily packages in the U.S. were 6.9% higher as demand from both B2C and B2B customers improved. International Export shipments increased 9.4% with strong growth in both Asia and Europe. UPS delivered 1.1 billion packages around the world, up 6.9% over the third quarter 2013. “The solid performance we delivered this quarter establishes our ability to stay ahead of market growth and generate positive operating leverage,” said David Abney, UPS CEO. “We continue making investments in technology and expanding our capabilities around the world to ensure we provide the long-term solutions customers demand.” U.S. Domestic revenue increased to $8.7B. International revenue increased 5.5% to $3.2B. Supply Chain and Freight revenue was up 7.4% to $2.4B.
07:46 EDTUPSUPS reiterates FY14 adjusted EPS view $4.90-$5.00, consensus $4.95
Subscribe for More Information
07:45 EDTUPSUPS reports Q3 EPS $1.32, consensus $1.29
Subscribe for More Information
07:29 EDTUPSUPS, FedEx up efforts to handle holiday season package buildup, Reuters says
Subscribe for More Information
October 23, 2014
15:39 EDTUPSNotable companies reporting before tomorrow's open
Subscribe for More Information
14:08 EDTUPSEarnings Preview: UPS sentiment mixed ahead of Q3 report
United Parcel Service (UPS) is expected to report third quarter earnings on Friday, October 24, 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 $1.29 on revenue of $14.2B, according to First Call. The consensus range for EPS is $1.24-$1.35 on revenue of $14.01B-$14.41B. LAST QUARTER: UPS reported second quarter adjusted EPS of $1.21 against estimates for $1.25, on revenue of $14.27B against estimates for $14.1B. On its Q2 report, the company lowered its fiscal 2014 adjusted EPS view to $4.90-$5.00 from the "low end" of the $5.05-$5.30 range, compared to consensus of $5.09. The company announced plans to increase 2014 operating expense for capacity and peak related projects to a total of $175M. CFO Kurt Kuehn said, "These initiatives will increase operating expense this year, but will provide financial benefits for years to come." On its Q2 conference call, management said it would treat Black Friday as a full operating day this year. They expect a "very strong" peak season and said "all options are on the table" going forward after they evaluate their peak season performance, including consideration of a surcharge. STREET RESEARCH: Street research has been mixed in the weeks leading up to UPS’s Q3 earnings report. On July 30 Bernstein said weakness in UPS shares was overdone following its Q2 report. Bernstein remained encouraged by the company's U.S. margins and volume growth. It viewed the stock as undervalued and kept an Outperform rating on the shares. On July 31, Atlantic Equities downgraded UPS to Neutral from Overweight. On September 26, Argus said UPS weakness created a buying opportunity. Argus noted that UPS had already begun hiring temporary workers and building remote villages ahead of the 2014 holiday shopping season. The firm thought the company will benefit from these extra workers into 2015, and it expects the company to benefit from a number of positive trends. It said the stock has a fair value of $115 and kept a Buy rating on the shares. PRICE ACTION: UPS shares have traded modestly higher since Q2 results were released. The stock has gained over 7% over the past twelve months. In afternoon trading ahead of Friday's Q3 report, UPS shares are up more than 1.8%.
October 22, 2014
10:24 EDTUPSUPS October weekly volatility elevated into Q3 and outlook
Subscribe for More Information
October 20, 2014
16:39 EDTUPSUPS 2015 rates for ground, air, international,freight, air freight to be up 4.9%
UPS released new published rates for 2015. UPS Ground, Air, International, UPS Freight, and UPS air freight rates within and between the U.S., Canada, and Puerto Rico will increase an average of 4.9%. The increase is effective Dec. 29.

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