UPS Is a Fragile Parcel

Bargain-hunting investors are always looking at the biggest daily decline lists to see if a stock might have overreacted to news. United Parcel Service (UPS) was down well over $3 per share, to $99.16, in early trading on Tuesday after missing estimates with its second-quarter report.

How bad was the news? Profitability was not terrible. UPS earned $1.21 in the June quarter vs. a $1.25 consensus view. EPS were up from $1.13 year over year. Management indicated new EPS guidance of $4.90 to $5.00 for calendar 2014, reduced from previous hopes for EPS of $5.05 to $5.30....308 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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