UPS deftly navigates shipping surge, hit by pension charge

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 31, 2020.

  1. cheryl

    cheryl I started this. Staff Member

    UPS deftly navigates shipping surge, hit by pension charge - AP

    Shares of United Parcel Service Inc. slumped Thursday after the package-delivery company gave a cautious outlook for 2020 as it invests more in its network to speed up deliveries.

    UPS reported a fourth-quarter loss of $106 million, but after stripping out a charge related to pensions, the adjusted profit matched Wall Street expectations.

    However, the Atlanta-based company predicted first-quarter profit would be about the same as a year ago, and it estimated full-year 2020 earnings of $7.76 to $8.06 per share. The middle of that range fell well short of Wall Street expectations for $8.03 per share.
     
  2. DriverNerd

    DriverNerd Active Member

    Last year first quarter profit was 1.2 billion dollars. Might as well shut down the company and declare bankruptcy.