After-Hours Movers 6/23: UPS (UPS) Down After Lower Guidance; Royale Energy (ROYL) Up on Drill Permit

June 23, 2008 6:10 PM EDT

StreetInsider.com After-Hours Movers:

UPS (NYSE: UPS) 4.3% LOWER; lowered its Q2 EPS guidance from $0.97-$1.04 to $0.83-$0.88, versus the consensus of $0.97. UPS said, "Slow U.S. economic growth and an unprecedented increase in the cost of fuel have resulted in lower-than-expected U.S. package volume and an accelerating contraction in the use of premium air products. In addition, the anemic U.S. economy is negatively impacting package volume into the United States, affecting results for the International segment. Performance in the Supply Chain & Freight segment is continuing to exceed expectations."

Royale Energy, Inc. (NASDAQ: ROYL) 2.6% HIGHER; Continues higher after today 15.6% run-up after the company announced applied for a permit to drill the V Canyon 20-2.


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