United Parcel Service (NYSE:UPS)
delivered earnings that beat analyst expectations on Tuesday, and the
market reacted positively by taking the stock above $100. Diluted EPS
came in at $1.12 for the quarter -- ahead of analyst estimates of $1.09
-- but that's only part of the story. On closer inspection, there are a
few positive takeaways from the results and commentary. Most also
reflect positively on FedEx Corp. (NYSE:FDX) -- but one doesn't. Let's take a closer look.
It's worth noting that, despite beating analyst estimates, the company left its full-year guidance unchanged. Management still expects $5.05 to $5.30 in earnings. In a sense, the positive news in the report isn't really about the numbers per se; it's more a matter of how the numbers confirm the directional trends in UPS' business.
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
It's worth noting that, despite beating analyst estimates, the company left its full-year guidance unchanged. Management still expects $5.05 to $5.30 in earnings. In a sense, the positive news in the report isn't really about the numbers per se; it's more a matter of how the numbers confirm the directional trends in UPS' business.
READ THE FULL EQUITY RESEARCH ARTICLE LINKED
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