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UPS Falls, Hilton Worldwide Drops, Vertiv Down as 2Q View Disappoints
Description
On this episode of Stock Movers:
- UPS (UPS) shares fall. United Parcel Service Inc. left its financial guidance unchanged despite topping Wall Street's first-quarter sales and profit expectations. The company still expects revenue of $89.7 billion this year and an adjusted operating margin of about 9.6%, and has saved about $600 million as a result of network changes.
- Hilton Worldwide (HLT) shares drop. The hotel operator’s improved adjusted earnings per share guidance for the full year failed to meet Wall Street’s expectations. The company’s second-quarter outlook was hurt by the war in the Middle East. The shares closed at a record high on April 20.
- Vertiv (VRT) shares drop after the power equipment company’s report was marred by what Vital Knowledge called “areas of disappointment,” which investors in the momentum name tend to fixate on. Organic growth fell short of expectations, as did a second-quarter profit view.
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