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Matt Maley, Miller Tabak and Company, discusses UPS's earnings miss. And Jurrien Timmer, Fidelity Investments, weighs in on weak revenue numbers.
Despite online shopping continuing to gain share, delivery company UPS has issued a profit warning for its last quarter. CNBC's Morgan Brennan reports.
Jim Corridore, S&P Capital IQ, calls UPS' forecasting flop an "error." Corridore thinks the delivery company will be better geared for next holiday season.
*Expects fourth-quarter earnings/shr $1.25 vs est $1.43. *Sees 2013 earnings/shr $4.57 vs forecast $4.65- $4.85.
Some of Friday's midday movers:
*Expects fourth-quarter earnings/shr $1.25 vs est $1.43. *Expects 2013 earnings/shr $4.57 vs $4.65- $4.85 forecast earlier. Jan 17- United Parcel Service Inc warned its fourth-quarter earnings would fall well short of market forecasts as it spent up large to try to deliver a surge in parcels in time for Christmas.
*American Express leads Dow, S&P after results. *Intel falls after results, outlook. NEW YORK, Jan 17- U.S. stocks were mostly lower on Friday, as declines in Intel and General Electric outweighed the advance in American Express in the wake of their quarterly earnings.
It's bad enough to have an earnings miss, but guiding lower before earnings even come out can be a real momentum killer.
Donald Broughton, Avondale Partners senior transports analyst, discusses UPS' earnings miss and how the shipper was negatively impacted by higher costs driven by a surge of shipments during the holiday season.
*Expects fourth-quarter profit/share $1.25 vs est $1.43. *Expects 2013 profit/share $4.57 vs $4.65- $4.85 forecast earlier. Jan 17- United Parcel Service Inc said its 2013 profit would miss forecasts as a flurry of orders towards the end of a shorter U.S. holiday shopping season and cold weather took a toll on service.
*Morgan Stanley higher after results. NEW YORK, Jan 17- U.S. stocks were poised to open little changed on Friday, in the wake of earnings from Morgan Stanley and General Electric, and ahead of data on the housing market and consumer sentiment.
Jan 17- United Parcel Service Inc estimated quarterly profit below analysts' expectations, partly due to a shorter U.S. holiday season. UPS shares fell 4 percent at $96.64 in premarket trading. The company said it expects to report a profit of $1.25 per share for the fourth quarter ended Dec. 30.
Jan 17- United Parcel Service Inc estimated quarterly profit below analysts' expectations, partly due to a shorter U.S. holiday season. The world's No.1 package delivery company said it expects to report a profit of $1.25 per share for the fourth quarter. Analysts on average expected earnings of $1.43, according to Thomson Reuters I/B/E/S.
UPS estimated quarterly profit below analysts' expectations, partly due to a shorter U.S. holiday season.
Mike Paul, MGP and Associates; Nathan Bachrach, The Financial Network Group; and CNBC's Jeff Cox, Morgan Brennan, and Simon Hobbs discuss how Amazon, UPS, and FedEx should handle its failed Christmas deliveries snafu.
Santa's sleigh delays; frothy tech valuations; and more 'wisdom' from McDonald's. Here are this week's market winners and losers.
CNBC's Josh Lipton reports that Amazon is reviewing its carriers' performance, while Wedbush Securities blames Amazon for the late deliveries. CNBC's Dominic Chu weighs in.
UPS, embarrassed by deliveries that failed to reach clients in time for Christmas, may have a shrunken fleet of jets to blame. The WSJ reports.
Some of the names on the move ahead of the open.
Americans waited until the last minute to buy holiday gifts, but retailers weren't prepared for the spike.