UPS Profit Forecast for Year Tops Estimates as Shipping Demand Increases

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UPS Profit Forecast for Year Tops Estimates as Shipping Demand Increases

United Parcel Service Inc. (UPS), the world’s largest package-delivery company, forecast a 2012 profit that exceeded analysts’ estimates as shipping demand increases.

Annual earnings, excluding some items, will be in the range of $4.75 to $5 a share, the Atlanta-based company said today in a statement. That topped the average estimate of $4.78 in a Bloomberg survey of 25 analysts.
 
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