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The Latest UPS Headlines
UPS Forecasts Profit Less Than Estimates; Sales Fall
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<blockquote data-quote="cheryl" data-source="post: 568199" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWQVIcKzmXYw" target="_blank"><strong>UPS Forecasts Profit Less Than Estimates; Sales Fall - Bloomberg</strong></a></p><p><a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQVIcKzmXYw" target="_blank">http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQVIcKzmXYw</a></p><p>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. </p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 568199, member: 1"] [URL='http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWQVIcKzmXYw'][B]UPS Forecasts Profit Less Than Estimates; Sales Fall - Bloomberg[/B][/URL] [URL='http://www.bloomberg.com/apps/news?pid=20601087&sid=aWQVIcKzmXYw'][B][/B][/URL] 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. [/QUOTE]
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