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Tuesday, July 25, 2006

UPS Was a Precursor to Amazon

It looks like UPS (UPS) was a precursor to (AMZN) after it was all said and done. reported $0.05 EPS and revenues of $2.14 billion versus $0.07 and $2.11 billion estimates. The company guided next quarter revenues $2.17 to $2.33 billion vs $2.22 billion estimates, and it put fiscal revenues at $10.15 to $10.65 billion versus $10.02 billion.

This EPS shortfall was of course rounded down, but the street is punishing them on margins. Shares closed down $0.72 on the day and is down another 11.2% at $30.42. This looks on the surface like if it holds that it is going to be establishing a new lower trading band.

Jon C. Ogg
July 25, 2006

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