2024

United

Strong

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">United Parcel Service (NYSE: UPS) disappointed investors with <a href="https://tokenist.com/ups-falls-short-of-eps-and-revenue-expectations-in-q2/" rel="noopener noreferrer nofollow" class="deco-link">weaker-than-expected performance in Q2</a>, failing to meet analyst expectations. Philip Morris International (NYSE: PM) raised its annual guidance based on strong demand for its nicotine pouch product and <a href="https://www.nasdaq.com/articles/philip-morris-raises-full-year-guidance" target="_blank" aria-label="topped Q2 forecasts (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">topped Q2 forecasts</a>, and MSCI Inc. (NYSE: MSCI) exceeded analyst expectations and reported strong Q2 results.</p>
<h3 id="ups-stumbles-on-weak-q2-results">UPS Stumbles on Weak Q2 Results</h3>
<p>United Parcel Service (UPS) saw its stock plummet 13.53% to $125.53 after reporting disappointing second-quarter results. <br><br>The logistics giant’s consolidated revenues fell 1.1% year-over-year to $21.8 billion, missing analyst estimates by approximately $370 million. Adjusted diluted <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">earnings per share (EPS)</a> came in at $1.79, down 29.5% from the previous year and $0.21 below expectations. <br><br>UPS also updated its full-year 2024 guidance, projecting consolidated revenue of around $93.0 billion with an adjusted operating margin of 9.4%. Despite the setback, the company announced the restart of its share repurchase program, targeting $1 billion annually.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="philip-morris-international-raises-guidance-on-strong-zyn-sales">Philip Morris International Raises Guidance on Strong Zyn Sales</h3>
<p>Philip Morris International (PM) shares rose 2.26% to $109.64 after the company raised its forecast for annual profit growth, driven by increased demand for its Zyn nicotine pouches. The firm also topped EPS and revenue expectations in Q2.<br><br>PM now expects annual Zyn sales to reach up to 580 million cans, up from its previous forecast of 560 million. The tobacco giant also raised its full-year adjusted EPS growth forecast to a range of 11-13%. The strong performance of tobacco alternatives, particularly Zyn nicotine pouches, is fueling PM’s growth and optimistic outlook.</p>
<h3 id="msci-surges-on-strong-q2-earnings-beat">MSCI Surges on Strong Q2 Earnings Beat</h3>
<p>MSCI Inc. (MSCI) saw its stock price surge 9.71% to $555.16 following a strong second-quarter earnings report. The financial services firm reported a Q2 profit of $266.8 million ($3.37 per share), with adjusted EPS of $3.64, beating analyst estimates of $3.55. Operating revenue increased by 14% to $707.9 million, surpassing expectations of $696.4 million. <br><br>MSCI’s recurring subscription revenue, a key metric for the company, grew by 14.4% compared to the same quarter last year. The impressive results reflect MSCI’s continued strength in providing index and analytics products to the financial industry.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-ups-pm-and-msci/">Stocks to Watch Today: UPS, PM, and MSCI</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: UPS, PM, and MSCI

Daftar Isi

Tokenist

Artikel lain yang dipublikasikan pada 23 Jul 2024

Witness How MoonBag Outshines EOS in the Crypto Arena!

New Memecoin Pepe Eats Solana (PEPEATS) Will Surge Over 19,000% Before Exchange Listings, As Shib...

Bitwise Ethereum ETF to Donate 10% of Profits to Developers

Small-Cap Gains Resume Ahead Of Major Tech Earnings; UPS Faces Worst Day Ever, Bitcoin Dips Below...

Veteran Trader Peter Brandt Breaks Silence on Bitcoin's (BTC) Value

ETH exchange inflow increased 116% ahead of spot ETF launch

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!