UPS Tumbles as It Grapples With Stronger Dollar, Business Shift

[cheryl]

UPS Tumbles as It Grapples With Stronger Dollar, Business Shift - Bloomberg

• Courier sees $400 million hit from foreign-exchange effects

• Fourth-quarter earnings fell short of analyst estimates

United Parcel Service Inc. plunged the most in two years as a stronger U.S. dollar and the shift toward more consumer deliveries forced the courier to miss analysts’ predictions for 2017 earnings and fourth-quarter profit.

The world’s biggest package-delivery company is delivering a greater percentage of packages to homes, benefiting from e-commerce growth that has exceeded gains in the U.S. economy and sluggish industrial output. The flip side is that making smaller deliveries to homes is less efficient than bigger stops at businesses.

 

[upschuck]

Dropped about 8 points. Ouch

 

[thecamel]

Someone upstairs decided to take that $1.7 billion pension charge all in one quarter. After doing the math on that, not too shabby. Prolly why I'm not hearing about the sky falling in all around us.