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UPS (NYSE:UPS): Q2 EPS of $0.49 in-line. Revenue of $10.83B (-16.7%) vs. $11.02B. Sees Q3 EPS...

Jul. 23, 2009 8:25 AM ETUnited Parcel Service, Inc. (UPS) StockUPSBy: Eli Hoffmann, SA News Editor1 Comment
UPS (NYSE:UPS): Q2 EPS of $0.49 in-line. Revenue of $10.83B (-16.7%) vs. $11.02B. Sees Q3 EPS $0.45-0.55 vs. $0.59. Average daily volume -4.6%. Says effective cost management reduced labor hours, miles driven and block hours flown by a greater percentage than volume declines, but not enough to offset the drop in revenue. Shares -0.6% premarket. (PR)

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youngman442002 profile picture
shipments down...that is all I need to know...If they are not shipping I don´t care how much cost savings they do...shipping volume is where they make money...and you will not here this on the TV today...

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