A number of stocks fell in the afternoon session after bellwether United Parcel Service (UPS) reported weak earnings and withheld its full-year guidance, citing “macro-economic uncertainty” and low consumer sentiment.
A number of stocks fell in the afternoon session after bellwether United Parcel Service (UPS) reported weak earnings and withheld its full-year guidance, citing “macro-economic uncertainty” and low consumer sentiment.
A number of stocks fell in the afternoon session after bellwether United Parcel Service (UPS) reported weak earnings and withheld its full-year guidance, citing “macro-economic uncertainty” and low consumer sentiment.
Shares of global car rental company Hertz (NASDAQ:HTZ)
fell 3.4% in the afternoon session after bellwether United Parcel Service (UPS) reported weak earnings and withheld its full-year guidance, citing “macro-economic uncertainty” and low consumer sentiment.
Shares of parcel delivery company UPS (NYSE:UPS)
fell 8.8% in the afternoon session after the company reported second-quarter results that missed profit expectations and refrained from providing a full-year financial outlook, citing economic uncertainty. The shipping giant posted an adjusted earnings per share of $1.55, just shy of the $1.57 analysts had predicted. While revenue of $21.2 billion was slightly ahead of forecasts, it represented a nearly 3% decline from the previous year. The company's decision to not issue new full-year guidance appeared to be a significant driver of the stock's decline, as management pointed to "macro-economic uncertainty." Adding to the concerns, UPS’s U.S. domestic operating margin of 7% came in below the forecast of 7.3%, signaling pressure on profitability.
Join us in exploring the top gainers and losers within the S&P500 index one hour before the close of the markets on Tuesday as we examine the latest happenings in today's session.
Risk appetite took a breather Tuesday, with major U.S. stock indices retreating modestly from record highs as investors braced for a pivotal stretch of earnings and macro events.
Stay informed about the performance of the S&P500 index in the middle of the day on Tuesday. Uncover the top gainers and losers in today's session for valuable insights.
UPS offers a high 6.4% dividend yield with strong growth, backed by solid profitability and reasonable valuation, making it a compelling pick for income-focused investors.
Parcel delivery company UPS (NYSE:UPS) reported Q2 CY2025 results beating Wall Street’s revenue expectations, but sales fell by 2.8% year on year to $21.2 billion. Its non-GAAP profit of $1.55 per share was 1% below analysts’ consensus estimates.
According to Fiscal.ai data, Wall Street expects the parcel delivery firm to post earnings of $1.57 per share on revenue $20.85 billion for the second quarter.
