E-Commerce Players Lower as UPS (UPS) Trims Expectations (AMZN) (EBAY)
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Amazon.com (Nasdaq: AMZN), eBay (Nasdaq: EBAY), Wal-mart (NYSE: WMT), Target (NYSE: TGT), ValuVision Media (Nasdaq: VVTV), and HSN, Inc. (Nasdaq: HSNI) are among some of the more notables. Both Amazon and eBay are lower early. Generally, the aforementioned companies rely heavily on UPS, FedEx (NYSE: FDX), and the USPS for deliveries of goods ordered on websites. The cut expectations might hint at slower consumer spending for the quarter and year.
Short recap, UPS sees Q2 EPS of $1.13 and FY13 EPS of $4.65 to $4.85. The Street was looking for Q2 EPS of $1.20 and FY13 EPS of $4.98.
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