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
Shares of Glencore International Plc. declined around 6 percent in London trading after the Commodities trader reported Wednesday wider pre-tax loss in its first half with weak revenues, amid lower commodity prices. Attributable net loss, however, narrowed from last year. Shares of WPP Group Plc. were gaining around 6 percent in the morning trading on London after the advertising giant reported Wednesday positive current trading and expectations for increased results. This was after reporting higher headline profit and increased revenues in its first half, even as reported profit declined from last year. The company also announced a significant dividend growth. Athletic clothing company Under Armour has ended sponsorship of a female hunter after a video that showed her husband killing a bear caused an outrage. Sponsorship of Sarah Bowmar, the wife and hunting companion of US hunter Josh Bowmar, was dropped by Under Armor following the negative response to...
comments powered by Disqus
Follow RTT