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The Latest UPS Headlines
UPS Climbs as High End of Forecast Tops Analysts' Estimates
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<blockquote data-quote="cheryl" data-source="post: 2037274" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/articles/2016-02-02/ups-profit-beats-estimates-after-successful-holiday-season" target="_blank"><strong>UPS Climbs as High End of Forecast Tops Analysts' Estimates - Bloomberg</strong></a></p><p></p><p>United Parcel Service Inc. rose after forecasting 2016 profit that could far exceed analysts’ expectations.</p><p></p><p>Adjusted earnings will climb to $5.70 to $5.90 a share this year, the package-delivery giant projected Tuesday in a statement. That compared with an average analyst prediction of $5.73, according to data compiled by Bloomberg.</p><p></p><p>“Investors were anticipating a rather subdued outlook,” said BB&T Capital Markets analyst Kevin Sterling. “I think they’ve got a better handle on peak. I think they’re pricing that business right.”</p></blockquote><p></p>
[QUOTE="cheryl, post: 2037274, member: 1"] [URL='http://www.bloomberg.com/news/articles/2016-02-02/ups-profit-beats-estimates-after-successful-holiday-season'][B]UPS Climbs as High End of Forecast Tops Analysts' Estimates - Bloomberg[/B][/URL] United Parcel Service Inc. rose after forecasting 2016 profit that could far exceed analysts’ expectations. Adjusted earnings will climb to $5.70 to $5.90 a share this year, the package-delivery giant projected Tuesday in a statement. That compared with an average analyst prediction of $5.73, according to data compiled by Bloomberg. “Investors were anticipating a rather subdued outlook,” said BB&T Capital Markets analyst Kevin Sterling. “I think they’ve got a better handle on peak. I think they’re pricing that business right.” [/QUOTE]
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