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Delivery watch: UPS, FedEx, and Amazon in focus

  • The warning from UPS (UPS) this morning is a double-edged sword with Q4 EPS cut due to transitory higher costs from temporary workers, but the outlook for 2014 factoring in more underlying demand factors. UPS stayed within its long-term profit growth targets, but missed analyst expectations.
  • Shares of FedEx (FDX) are lower in early trading after the UPS guidance cut.
  • Though there's plenty of speculation that the UPS Q4 miss, due in part to a surge in late online orders, could be a signal that Amazon's (AMZN) delivery traffic exceeded expectations - investors aren't betting the house on that premise just yet.
  • Premarket: UPS -2.9%, FDX -1.3%, AMZN -0.1%.
Comments (1)
  • Gene Chan, CFA
    , contributor
    Comments (210) | Send Message
     
    Price war in electronics, good news for AMZN. Miss from shipping companies, good news for AMZN. What kind of bizzaro world do we live in?
    17 Jan, 12:12 PM Reply Like
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