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
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017. Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator.
comments powered by Disqus
Follow RTT