Why UPS Stock Slumped This Week
Shares in (NYSE: UPS) declined by 16.8% this week as of Thursday afternoon. The fall comes after the release of disappointing second-quarter earnings on Tuesday. Its earnings missed estimates and prompted a slew of cuts in price targets in the following days.
While revenue was in line with management's guidance in April, profit margin was lower than management had estimated, and therefore so were its earnings.
It gets worse: Management declined to update its full-year guidance because the uncertainty in its end markets was creating a range of scenarios wide enough "to drive one of our 18-wheelers through," according to CEO Carol Tomé on the earnings call.
Source Fool.com
United Parcel Service Inc. Stock
€80.78
0.750%
Our community is currently high on United Parcel Service Inc. with 44 Buy predictions and 6 Sell predictions.
With a target price of 105 € there is a positive potential of 29.98% for United Parcel Service Inc. compared to the current price of 80.78 €.
