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The Latest UPS Headlines
UPS Tumbles After Profit Falls 56%, Projection Misses Estimates
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<blockquote data-quote="cheryl" data-source="post: 519949" data-attributes="member: 1"><p><strong>UPS Tumbles After Profit Falls 56%, Projection Misses Estimates - Bloomberg</strong></p><p></p><p>United Parcel Service Inc. fell the most since December after posting a profit that trailed estimates and forecasting second-quarter earnings short of analysts’ projections because of dwindling shipping demand.</p><p></p><p>First-quarter net income at the world’s largest package- delivery company plunged 56 percent to $401 million, or 40 cents a share. Excluding a noncash writedown in the value of some jet freighters, profit was 52 cents a share, trailing the 56-cent average of 16 analyst estimates compiled by Bloomberg.</p></blockquote><p></p>
[QUOTE="cheryl, post: 519949, member: 1"] [B]UPS Tumbles After Profit Falls 56%, Projection Misses Estimates - Bloomberg[/B] United Parcel Service Inc. fell the most since December after posting a profit that trailed estimates and forecasting second-quarter earnings short of analysts’ projections because of dwindling shipping demand. First-quarter net income at the world’s largest package- delivery company plunged 56 percent to $401 million, or 40 cents a share. Excluding a noncash writedown in the value of some jet freighters, profit was 52 cents a share, trailing the 56-cent average of 16 analyst estimates compiled by Bloomberg. [/QUOTE]
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UPS Tumbles After Profit Falls 56%, Projection Misses Estimates
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