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VOL. 126 | NO. 33 | Thursday, February 17, 2011

UPS Maintains Full-Year Earnings Forecast

AP

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NEW YORK (AP) – UPS is holding steady to its earnings forecast for the year as it continues to expand in emerging markets and investing in new business.

The Atlanta company said Wednesday it still expects to earn between $4.12 and $4.35 per share for the full year, up 18 and 25 percent from 2010.

Revenue growth is expected in the "mid-to-high single digits." UPS posted 2010 revenue of $49.55 billion.

United Parcel Service Inc. expects to reach that goal with higher demand and prices. It's expanding facilities at home and abroad and expects to add seven more planes to its fleet this year.

FedEx Corp. on Monday sharply cut its profit forecast for the quarter ending later this month, citing higher-than-expected fuel costs and severe winter weather.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 66 378 15,444
MORTGAGES 67 456 20,235
FORECLOSURE NOTICES 12 121 4,007
BUILDING PERMITS 175 1,046 36,888
BANKRUPTCIES 58 290 14,633
BUSINESS LICENSES 16 80 5,209
UTILITY CONNECTIONS 76 388 22,205
MARRIAGE LICENSES 28 111 4,774

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