News Formal

UPS’s Earnings Are Thursday. Here’s What to Expect.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Profit is expected to be much lower than a year ago, mainly as a result of contract negotiations between the Teamsters and the company.

United Parcel Service ‘s earnings, slated for Thursday morning, will say a lot about both the economy and how companies are dealing with rising costs resulting from new labor deals.

For starters, UPS says, some shipment volume left its network. That makes sense because businesses worried about a potential strike wanted to protect themselves. What is more, UPS management said in mid-September that some cost increases from the new contract are front-end loaded. Wetherbee rates the shares at Buy. His price target moved down to $180 from $200 a share following the update.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trading Earnings Season: 3 Steps for Using Earnings ReportsLearn how to trade earnings season, with tips on choosing companies and researching market conditions to establishing a strategy.
Source: DailyFX - 🏆 305. / 63 Read more »

European stocks open lower amid earnings; Deutsche Bank up 5% after beating estimatesEuropean markets opened lower Wednesday after a slew of earnings both in the U.S. and Europe.
Source: NBCLA - 🏆 319. / 59 Read more »

European stocks set to open lower amid earnings; Deutsche Bank beats estimatesEuropean markets were set to open lower Wednesday after a slew of earnings both in the U.S. and in Europe.
Source: NBCDFW - 🏆 288. / 63 Read more »

European stocks set to open lower amid earnings; Deutsche Bank beats estimatesEuropean markets were set to open lower Wednesday after a slew of earnings both in the U.S. and in Europe.
Source: NBCLA - 🏆 319. / 59 Read more »

European stocks set to open lower amid earnings; Deutsche Bank beats estimatesEuropean markets were set to open lower Wednesday after a slew of earnings both in the U.S. and in Europe.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks lower with earnings in focus; Deutsche Bank up 7% after beating estimatesEuropean markets opened lower Wednesday after a slew of earnings both in the U.S. and Europe.
Source: CNBC - 🏆 12. / 72 Read more »