UPS’ Network Upgrade Costs Worry Investors

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 2, 2018.

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  1. cheryl

    cheryl I started this. Staff Member

    UPS’ Network Upgrade Costs Worry Investors - CFO

    The company's Q4 earnings beat estimates but the expense of improving its delivery network may continue to weigh on margins.

    United Parcel Service on Thursday reported better-than-expected fourth-quarter earnings but its shares fell more than 6% amid concerns about the costs of upgrading its delivery network.

    The world’s largest package delivery company posted adjusted earnings of $1.67 per share as revenue rose 11.2% to $18.83 billion. Analysts had expected earnings of $1.66 per share on revenue of $18.19 billion.