UPS quarterly profit soars 90 percent, shares up

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 22, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    UPS quarterly profit soars 90 percent, shares up - Yahoo

    United Parcel Service Inc (UPS - News), the world's largest package delivery company, raised its outlook on Thursday on higher ground and export volume, sending shares up 3.5 percent in premarket trading.

    UPS surpassed Wall Street's expectations for its second- quarter results, as profits soared 90 percent to $845 million, or 84 cents per share, compared with a profit of $445 million, or 44 cents per share, a year ago.

    Analysts were expecting a profit of 77 cents per share, according to Thomson Reuters I/B/E/S.
     
  2. rod

    rod retired and happy

    and yet some are already talking about taking a pay cut or giving up benefits for the next contract. How sad.