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The Latest UPS Headlines
UPS deftly navigates shipping surge, hit by pension charge
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<blockquote data-quote="cheryl" data-source="post: 4352055" data-attributes="member: 1"><p><a href="https://apnews.com/69b3985bc43d467f0adc3ec25766460a" target="_blank"><strong>UPS deftly navigates shipping surge, hit by pension charge - AP</strong></a></p><p></p><p>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.</p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4352055, member: 1"] [URL='https://apnews.com/69b3985bc43d467f0adc3ec25766460a'][B]UPS deftly navigates shipping surge, hit by pension charge - AP[/B][/URL] 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. [/QUOTE]
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