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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 This material may not be published, broadcast, rewritten or redistributed.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 73 220 17,575
MORTGAGES 83 246 22,897
FORECLOSURE NOTICES 5 38 4,467
BUILDING PERMITS 206 514 41,739
BANKRUPTCIES 52 176 16,568
BUSINESS LICENSES 20 50 5,751
UTILITY CONNECTIONS 97 196 25,067
MARRIAGE LICENSES 12 66 5,351

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