Higher costs and weak pricing caused United Parcel Service (NYSE: UPS) to miss expectations in the second quarter, and left analysts reconsidering the company's prospects for the quarters to come.

Shares of UPS were down 11% for the week as of midday Thursday, according to data provided by S&P Global Market Intelligence, as investors react to reset expectations.

UPS earned $1.79 per share in the second quarter on sales of $21.8 billion, missing Wall Street's estimate for $1.99 per share on revenue of $22.2 billion. The transportation giant also revised its full-year revenue forecast to about $93 billion, from previous guidance of between $92 billion and $94.5 billion in sales.

Continue reading

Source Fool.com