SA: UPS falls after margin guidance disappoints, FedEx falls in tandem

© Alexey Novikov

SEEKING ALPHA reports:

– United Parcel Service (NYSE:UPS) slips after topping Q2 estimates, but setting guidance slightly below expectations.

– Revenue was up 10.2% in the U.S. domestic segment driven by a 13.4% increase in revenue per piece from strong improvement in all products. Segment adjusted operating margin was 11.6%.

– Revenue increased 30.0% in the international segment, led by strong growth in Europe. Segment adjusted operating margin was 24.7%….

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UPS stock changing hands at $192.88 @ 13:10 EDT, down 8.1% for the day; FedEx down 5.25%.