United Parcel Service, Inc. (NYSE:UPS) the world’s largest delivery company, and a proxy gauge for economic conditions, declared results for its second quarter that missed market expectations. The company also cuts its outlook for the fiscal year of 2012 in view of a bleak global economic outlook. It posted an EPS of $1.15 a share on revenues of $13.35 billion, against expectations on the street of $1.17 and $13.7 billion respectively. Net income came in at $1.12 billion, higher on the year ago period by about 2.2 percent. This is the second quarter on the trot, that the company has missed on…
This content is exclusively for paying members of Hedge Fund Alpha
Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha
Don’t have an account?
Subscribe now and get 7 days free!
