UPS lowers guidance after logistical challenges crop up

UPS (UPS) lowers FY13 guidance to a range of $4.57-$4.75 vs. consensus of $4.65-$4.85.

Results in the U.S. were hit by the logistical challenges of a compressed peak season coupled with the surge of late online shopping.

The company sees EPS growth of 10% to 15% for 2014.

UPS -3.1% premarket.

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Comments (5)
  • TitanZeus
    , contributor
    Comment (1) | Send Message
    Interesting UPS has 44 pilots on furlough...they might have come in handy instead of dropping the ball on 600,000 holiday packages. UPS has been bitten by the "cut cost/corners without regard to service"...which goes directly against their 100yr tradition.
    17 Jan 2014, 09:27 AM Reply Like
  • sabresfan21
    , contributor
    Comments (180) | Send Message
    Speaking of cutting corners, I've noticed they completely outsourced all of their tracking agents and collections staff to the Phillipines.
    17 Jan 2014, 09:58 AM Reply Like
  • june1234
    , contributor
    Comments (4412) | Send Message
    more importantly UPS guided lower for 14 by 4%
    17 Jan 2014, 11:00 AM Reply Like
  • divinecomedy
    , contributor
    Comments (465) | Send Message
    17 Jan 2014, 12:04 PM Reply Like
  • harryjack
    , contributor
    Comments (568) | Send Message
    Bullish as well, AMZN seems to be the last to the table to whine about the holiday and UPS delivers 90% of my AMZN packages. I am very bullish on AMZN as well. Negative articles abound about AMZN and UPS build up of capacity. Pilots are giving way to trucks as AMZN pushes distribution toward the customers.
    17 Jan 2014, 01:24 PM Reply Like
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