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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 This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 84 122 20,754
MORTGAGES 113 158 23,903
FORECLOSURE NOTICES 0 24 3,071
BUILDING PERMITS 0 187 42,781
BANKRUPTCIES 53 110 13,290
BUSINESS LICENSES 12 35 6,657
UTILITY CONNECTIONS 0 30 7,819
MARRIAGE LICENSES 18 45 4,688