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UPS Shares Tumble After An Ugly Earnings Report
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<blockquote data-quote="TUT" data-source="post: 1374951" data-attributes="member: 29298"><p>Kwality work in the Yahoo article:</p><p></p><p>REUTERS/John Sommers II</p><p></p><p><Snip></p><p></p><p>Investing For The Future</p><p><u><strong>Management is blaming is blaming</strong></u> the profit shortfall on higher costs, which they argue will pay for itself in the future.</p><p></p><p>"The company announced plans to increase 2014 operating expense for capacity and peak related projects to a total of $175 million," the company said.</p><p></p><p>"[W]e are making investments in new capabilities and network capacity to ensure we meet customer expectations," said CFO Kurt Kuehn. "These initiatives will increase operating expense this year, but will provide financial benefits for years to come."</p><p></p><p>Last winter, <a href="http://www.businessinsider.com/ups-christmas-delivery-issues-2013-12" target="_blank">UPS missed some Christmas package deliveries</a> due to <u><strong>low lack of capacity</strong></u>. Hopefully, that won't happen this <u><strong>yea.</strong></u></p></blockquote><p></p>
[QUOTE="TUT, post: 1374951, member: 29298"] Kwality work in the Yahoo article: REUTERS/John Sommers II <Snip> Investing For The Future [U][B]Management is blaming is blaming[/B][/U] the profit shortfall on higher costs, which they argue will pay for itself in the future. "The company announced plans to increase 2014 operating expense for capacity and peak related projects to a total of $175 million," the company said. "[W]e are making investments in new capabilities and network capacity to ensure we meet customer expectations," said CFO Kurt Kuehn. "These initiatives will increase operating expense this year, but will provide financial benefits for years to come." Last winter, [URL='http://www.businessinsider.com/ups-christmas-delivery-issues-2013-12']UPS missed some Christmas package deliveries[/URL] due to [U][B]low lack of capacity[/B][/U]. Hopefully, that won't happen this [U][B]yea.[/B][/U] [/QUOTE]
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UPS Shares Tumble After An Ugly Earnings Report
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