Today, the world's largest parcel service, United Parcel Service Inc. (NYSE:UPS), announced earnings results for its fiscal 2Q. Net income fell 21% to $873 million, or $0.85 per share, compared to last year's profit of $1.1 billion, or $1.04 per share. Revenue increased 6.7% to $13 billion. The decrease in profit resulted from soaring fuel prices and poor economic conditions that slowed domestic shipping. The company lowered its 2008 fiscal year projected earnings from $3.90 - $4.20 per share previously expected in April to $3.50 - $3.70 per share.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html