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<blockquote data-quote="moreluck" data-source="post: 77305" data-attributes="member: 1246"><p>Michael....regardless of the huge profits, UPS missed the street # because of some one time charge. Normally the street would ignore this for any other company, but in the case of UPS, it's not their little sweetheart.</p><p> </p><p>"UPS 4Q Profit Jumps on Strong Rise in Revenue, but Results Miss Wall Street Expectations </p><p></p><p>ATLANTA (AP) -- UPS Inc., the world's largest shipping carrier, reported Thursday a 21 percent increase in fourth-quarter profit on a strong rise in revenue, but the results were slightly below Wall Street expectations. Its shares fell more than 2 percent in early trading. </p><p>The Atlanta-based company said it earned $1.05 billion, or 95 cents a share, for the three months ending Dec. 31, compared to a profit of $866 million, or 76 cents a share, for the same period a year ago. The company said it increased its effective tax rate in the fourth quarter, reducing its earnings by 2 cents a share. However, UPS did not consider it a one-time item, nor include the reduction in its adjusted income data. "</p></blockquote><p></p>
[QUOTE="moreluck, post: 77305, member: 1246"] Michael....regardless of the huge profits, UPS missed the street # because of some one time charge. Normally the street would ignore this for any other company, but in the case of UPS, it's not their little sweetheart. "UPS 4Q Profit Jumps on Strong Rise in Revenue, but Results Miss Wall Street Expectations ATLANTA (AP) -- UPS Inc., the world's largest shipping carrier, reported Thursday a 21 percent increase in fourth-quarter profit on a strong rise in revenue, but the results were slightly below Wall Street expectations. Its shares fell more than 2 percent in early trading. The Atlanta-based company said it earned $1.05 billion, or 95 cents a share, for the three months ending Dec. 31, compared to a profit of $866 million, or 76 cents a share, for the same period a year ago. The company said it increased its effective tax rate in the fourth quarter, reducing its earnings by 2 cents a share. However, UPS did not consider it a one-time item, nor include the reduction in its adjusted income data. " [/QUOTE]
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