UPS lowers 2nd quarter earnings expectations (U.S)
UPS announced it expects earnings per diluted share for the second quarter within a range of USD 0.83-to-USD 0.88 compared to the USD 0.97-to USD 1.04 per share the company originally anticipated.
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.
On July 22, UPS will release second quarter results followed by a conference call to provide insight into the quarter and remainder of the year.
UPS announced it expects earnings per diluted share for the second quarter within a range of USD 0.83-to-USD 0.88 compared to the USD 0.97-to USD 1.04 per share the company originally anticipated.
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.
On July 22, UPS will release second quarter results followed by a conference call to provide insight into the quarter and remainder of the year.
