» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 126 | NO. 33 | Thursday, February 17, 2011

UPS Maintains Full-Year Earnings Forecast

AP

Print | Front Page | Email this story | Comments ()

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 This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 296 17,839
MORTGAGES 83 360 20,786
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 161 671 36,487
BANKRUPTCIES 46 192 11,874
BUSINESS LICENSES 16 96 5,656
UTILITY CONNECTIONS 28 175 12,208
MARRIAGE LICENSES 32 92 4,449

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.