UPS Sees Profit ‘Slightly Better’ Than a Year Earlier

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 2, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Sees Profit ‘Slightly Better’ Than a Year Earlier - Bloomberg
    United Parcel Service Inc. said first-quarter profit would be “slightly better” than a year ago, signaling that the world’s largest package-delivery company expects a recovery to build through 2010.

    UPS also said today that its annual earnings will be $2.70 to $3.05 a share. Analysts expected an adjusted profit of $2.81, based on the average of 21 estimates compiled by Bloomberg.

    UPS also said on Jan. 8 it would eliminate 1,800 management and administrative jobs in the U.S. as it reduces the number of operating districts to 20 from 46 in an effort to streamline its small-package unit, its largest division.