2024

United

Strong

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<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>
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<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>
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<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

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