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The Latest UPS Headlines
UPS Rises After Asia Exports Post Surprise Increase
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<blockquote data-quote="cheryl" data-source="post: 1044222" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/2012-10-23/ups-pares-top-end-of-2012-forecast-as-profit-meets-views.html" target="_blank"><strong>UPS Rises After Asia Exports Post Surprise Increase - Bloomberg</strong></a></p><p></p><p>United Parcel Service Inc. (UPS) rose the most since March after posting third-quarter earnings that matched analysts’ estimates, buoyed by higher export shipments in Asia and a gain in U.S. deliveries.</p><p></p><p>Full-year profit will be $4.55 to $4.65 a share, UPS said, narrowing an earlier range of $4.50 to $4.70. That compares with a $4.55 average estimate among analysts in a Bloomberg survey. Quarterly earnings excluding some costs were $1.06 a share. </p><p></p><p>The stock’s jump “largely reflects the company’s guidance, which was a little more positive than the Street was expecting, and also hopes that we’re going to see a nice holiday shipping season,” said James Corridore, an S&P Capital IQ equity analyst in New York.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1044222, member: 1"] [URL="http://www.bloomberg.com/news/2012-10-23/ups-pares-top-end-of-2012-forecast-as-profit-meets-views.html"][B]UPS Rises After Asia Exports Post Surprise Increase - Bloomberg[/B][/URL] United Parcel Service Inc. (UPS) rose the most since March after posting third-quarter earnings that matched analysts’ estimates, buoyed by higher export shipments in Asia and a gain in U.S. deliveries. Full-year profit will be $4.55 to $4.65 a share, UPS said, narrowing an earlier range of $4.50 to $4.70. That compares with a $4.55 average estimate among analysts in a Bloomberg survey. Quarterly earnings excluding some costs were $1.06 a share. The stock’s jump “largely reflects the company’s guidance, which was a little more positive than the Street was expecting, and also hopes that we’re going to see a nice holiday shipping season,” said James Corridore, an S&P Capital IQ equity analyst in New York. [/QUOTE]
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