We can only imagine how fast the narrative is being re-written as bellwether of "everything is awesome" in America, United Parcel Service missed earnings expectations and lowered guidance and is seeing its shares tumble:
- *UPS 4Q PRELIM ADJ. EPS $1.25 , EST. $1.47
- *UNITED PARCEL CITES UNDERPERFORMANCE OF U.S. DOMESTIC SEGMENT
Of course, we are sure that with lower fuel prices due to help them 'next' quarter... and Valentine's Day and Easter around the corner, Q1 growth will prove everything is awesome.
- *UPS: DEMAND LESS THAN EXPECTED ON NON-PEAK DAYS (but everyone said Christmas was awesome)
- *UPS SAYS OPER PROFIT WAS HURT BY HIGHER 'PEAK-RELATED' EXPENSES (but cheap gas!!)
And the result, shares are down over 5% in the pre-market...