logo
Share SHARE
FONT-SIZE Plus   Neg

UPS Q4 Net Profit Slips - Quick Facts

Package delivery giant United Parcel Service Inc. (UPS) posted lower fourth-quarter net income of $725 million or $0.74 per share compared with $1.02 billion or $1.02 per share last year, whereas on an adjusted basis, non-GAAP net income grew to $1.25 billion or $1.28 per share from last year's $1.07 billion or $1.06 per share, inclusive of change in pension accounting.

The company said the impact of the change in pension accounting to a mark-to-market methodology improved fourth-quarter 2011 adjusted results by $0.03 and reduced fourth quarter adjusted 2010 results by $0.02. On average, 25 analysts polled by Thomson Reuters expected earnings per share of $1.26 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues for the quarter increased 5.6% to $14.17 billion from $13.42 billion in the comparable period, while analysts estimated revenues of $14.45 billion for the same quarter.

Kurt Kuehn, UPS's chief financial officer noted, "Looking to 2012, our expectations are for mixed economic growth around the world, with modest improvement in the U.S. However, UPS projects another strong year of earnings." Kuehn continued, "We expect diluted earnings per share to be within a range of $4.75 to $5.00, an increase of 9% to 15% over adjusted 2011 results.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast. Senate Health Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced Thursday that twenty-two other Senators are cosponsoring their bipartisan plan to provide short-term stability to Obamacare. The bipartisan bill includes a two-year extension of the cost-sharing...
comments powered by Disqus
Follow RTT