“Big Brown” Was Shook Up Yesterday

United Parcel Service reported their first quarter earnings yesterday. UPS reported earnings and revenue that were below expectations and blamed the lackluster results on the weather.

UPS reported earnings of $1.39 per share vs. expectations of $1.42 per share.  Revenues for the quarter were $17,160 million vs expectations of $17,793.7 million.

UPS also said it expects second-quarter earnings per share to be flat compared to the same quarter last year, but did reaffirm its full-year earnings guidance of $7.45 to $7.75 per share.

“UPS remains a ‘show-me’ story,” said Benjamin Hartford, an analyst at Robert W. Baird, in a note. The company hasn’t yet

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