UPS Profit Forecast for Year Tops Estimates as Shipping Demand Increases

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 31, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    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.