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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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August 25, 2014
06:19 EDTUPSU.S. DHS warns of 'Backoff' malware, WSJ reports
The Department of Homeland Security is urging all companies to check for a "Backoff" malware infection, which targets cash registers, and said over 1,000 businesses in the U.S. have been affected by the cyberattack, the Wall Street Journal reports. The DHS said Friday that the malware has likely infected many victims who "aren't aware" that they have been compromised. Reference Link
August 20, 2014
16:06 EDTUPSUPS notifies customers of potential data compromise, incident resolution
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August 19, 2014
10:28 EDTUPSUPS establishes freight forwarding services in Myanmar
UPS announced the expansion of inbound and outbound air and ocean freight services in Myanmar for the first time. Global customers trading to and from this emerging market will have access to UPS's supply chain technologies and services, which initially will include UPS Air Freight Direct, UPS Air Freight Consolidated, Full Container Load and Less-than Container Load services.
07:37 EDTUPSUPS management to meet with William Blair
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August 14, 2014
06:23 EDTUPSFedEx, UPS brings express services to more China cities, Reuters says
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August 13, 2014
07:29 EDTUPSUPS, FedEx face new challenges, invest in technology to answer, FT says
Online retailing is driving up traffic volumes and the number of stops needed for both UPS (UPS) and FedEx (FDX), while also making flows harder to predict, and the shipping giants are making efficiency-boosting investments in technology to avoid a repeat of the type of issues that plagued UPS last Christmas, said Financial Times. Reference Link

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