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Stock Market & Financial Investment News

News Breaks
January 30, 2013
12:39 EDTUPSEarnings Preview: United Parcel Service sees Q4 domestic volume up 3%
United Parcel Service (UPS) is expected to report Q4 earnings on Thursday, January 31 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 EPS of $1.38 on revenue of $14.43B, according to First Call. The consensus range for EPS is $1.30-$1.41 on revenue of $14.12B-$15.43B... LAST QUARTER: UPS reported Q3 adjusted EPS of $1.06 against estimates for $1.06 on revenue of $13.07B against estimates for $13.3B. On its Q3 earnings report, the company guided FY12 EPS to $4.55-$4.65, consensus $4.56. Management forecast a 3% rise in domestic volume in Q4 with a "slight improvement" in international volume. Holiday shipping was seen rising 10% over last year’s level, with 527M packages delivered between Thanksgiving and Christmas. On January 14, UPS abandoned its bid for Dutch delivery company TNT Express because the E.U. decided to block the deal over competition fears... STREET RESEARCH: Street research has been overwhelmingly positive in the weeks leading up to UPS’s Q4 earnings report. The stock was upgraded on January 14 and 24 by Avondale and BofA/Merrill, respectively. J.P. Morgan, Sterne Agee, and Atlantic Equities all had positive comments on UPS during the recent quarter... PRICE ACTION: UPS shares have rallied approximately 13% since Q3 results were released in late October, making a fresh 52-week high of $82.76 earlier this month. Since making a 52-week low of $69.56 in mid-November, the stock is up about 17%. In early afternoon trading ahead of Thursday's Q4 report, UPS shares are down almost 1%.
News For UPS From The Last 14 Days
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September 26, 2014
13:18 EDTUPSUPS weakness creates buying opportunity, says Argus
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06:53 EDTUPSChina to open delivery sector to foreign firms, WantChinaTimes says
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September 23, 2014
12:00 EDTUPSThree people dead in shooting at UPS facility in Alabama, AP reports
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September 22, 2014
11:03 EDTUPSUPS expands 3D printing across U.S. with Stratasys collaboration
UPS (UPS) is expanding 3D printing services to meet the growing demands of its small business customers to nearly 100 additional locations nationwide. As the first nationwide retailer to offer 3D printing services in-store, in collaboration with Stratasys (SSYS), the UPS Store continues to evolve its services to better meet the needs of small business owners.
September 16, 2014
08:43 EDTUPSUPS expects to hire 90K-95K seasonal employees
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