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The Latest UPS Headlines
UPS Sees Profit ‘Slightly Better’ Than a Year Earlier
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<blockquote data-quote="cheryl" data-source="post: 681973" data-attributes="member: 1"><p><strong>UPS Sees Profit ‘Slightly Better’ Than a Year Earlier - Bloomberg</strong></p><p>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.</p><p></p><p>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.</p><p></p><p>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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 681973, member: 1"] [B]UPS Sees Profit ‘Slightly Better’ Than a Year Earlier - Bloomberg[/B] 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. [/QUOTE]
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