UPS Fails to Deliver: Q1 Profit Below Expectations; Shares Tumble 3%

Discussion in 'The Latest UPS Headlines' started by cheryl, Apr 26, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Fails to Deliver: Q1 Profit Below Expectations; Shares Tumble 3% - Forbes

    United Parcel Service’s first-quarter profit rose less than expected, weakened by lagging U.S. exports and Asian markets.

    UPS earned $970 million, $1 a share, last quarter, a 6% rise from a year ago. Analysts had expected earnings of $1.02 a share.

    Shares of UPS fell 3% to $77.25 in pre-market trading.