UPS (UPS) Falls on Weak Q2, Lower Outlook
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United Parcel Service (NYSE: UPS) is under heavy pressure following disappointing Q2 results and lower guidance.
UPS reported Q2 EPS of $1.15, $0.02 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $13.35 billion versus the consensus estimate of $13.7 billion.
UPS sees FY2012 EPS of $4.50-$4.70, versus prior guidance of $4.70-$5.00 and the consensus of $4.83.
Shares of UPS are down 3.8 percent.
UPS reported Q2 EPS of $1.15, $0.02 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $13.35 billion versus the consensus estimate of $13.7 billion.
UPS sees FY2012 EPS of $4.50-$4.70, versus prior guidance of $4.70-$5.00 and the consensus of $4.83.
Shares of UPS are down 3.8 percent.
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