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Stock Market & Financial Investment News

News Breaks
March 25, 2014
06:11 EDTUPSUPS opens extension of European air hub at Cologne/Bonn Airport
UPS announces official opening of expansion of its European air hub facilities at Cologne/Bonn Airport in Germany. The expansion took two years to construct and has created 200 jobs. The operating area now measures more than 105,000 square meters.
News For UPS From The Last 14 Days
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October 23, 2014
15:39 EDTUPSNotable companies reporting before tomorrow's open
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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 UPSís 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
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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.

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