Why Facebook's Falling Share Price Really Doesn't Matter
Mark Zuckerberg and Priscilla Chan: A Romantic Facebook TimelineUPS (NYSE: UPS) did not do much beyond tread water in the second quarter. The company reported a 7.2% increase in diluted earnings per share for the second quarter to $1.04 on a 3.9% gain in revenue. Net income was up 4% to $1.1 billion. Revenue hit $12.2 billion.
But, domestic operating profit dropped from $1.23 billion to $1.19 billion. International pulled the weight with operating income up to $475 million from $414 million.
Guidance was also not spectacular: "UPS expects diluted earnings per share for the third quarter to fall within a range of $0.99 to $1.04 compared to the $0.96 reported for the prior-year period."
The most important news out of UPS was probably on the labor front. The company said it hoped to have a new contract with its drivers by the end of the year. The International Brotherhood of Teamsters should be expected to put up a good fight. UPS shares are up from $68 in March to their current level just below $75. The union would like a piece of that action.
Douglas A. McIntyre is a partner at 24/7 Wall St.
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Reader Comments (Page 1 of 1)
7-24-2007 @ 10:48AM
Don said...
You, based on your comments, have to be a Fed Ex shareholder, relation to someone in Fed Ex or your father was fired by UPS. Your comments were provided so begrugingly that I could envision your picture pulling your foot from your mouth. You really need to get some perspective on real life and get out of the shelter you have been living in. Would you please post again your comments once again on the most recent day Fed Ex posted their earnings report. Thank You