UPS Boosts 2011 Forecast as Overseas Shipping Fuels Profit

Discussion in 'The Latest UPS Headlines' started by cheryl, Apr 26, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Boosts 2011 Forecast as Overseas Shipping Fuels Profit - Bloomberg

    United Parcel Service Inc. (UPS), the world’s largest package-delivery company, raised its full-year profit forecast after increased international shipping demand pushed first-quarter earnings higher than analysts estimated.

    Profit in 2011 will be $4.15 to $4.40 a share, compared with a February projection of $4.12 to $4.35, UPS said today in a statement. The average estimate from 26 analysts surveyed by Bloomberg was $4.25 a share.