UPS Forecasts Profit Less Than Estimates; Sales Fall - Bloomberg
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQVIcKzmXYw
United Parcel Service Inc., the world’s largest package-delivery company, forecast lower profit than analysts projected and said second-quarter earnings fell 49 percent as the recession cuts business demand.
UPS said profit for the three months through September will be 45 to 55 cents a share, less than the 60-cent average of 16 analyst estimates compiled by Bloomberg. Second-quarter net income declined to $445 million, or 44 cents a share, the Atlanta-based company said today.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQVIcKzmXYw
United Parcel Service Inc., the world’s largest package-delivery company, forecast lower profit than analysts projected and said second-quarter earnings fell 49 percent as the recession cuts business demand.
UPS said profit for the three months through September will be 45 to 55 cents a share, less than the 60-cent average of 16 analyst estimates compiled by Bloomberg. Second-quarter net income declined to $445 million, or 44 cents a share, the Atlanta-based company said today.