US EARNINGS: UPS

NORTH AMERICAN EARNINGS

UPS – Freight and packaging delivery firm lowered its FY2012 profit forecast on slowing US economy as it posted lower than expected 2Q12 results. Co. lowered its EPS for FY12 to USD 4.5 – 4.7 a share, down from USD 4.75 – 5.00 a share. Profits rose 2.2 percent to USD 1.12 b vs USD 1.09 b a year ago. Revenues inched marginally higher to USD 13.35 b vs USD 13.19 b a year ago but came below expectations of USD 13.70 b. EPS came in at USD 1.15 vs USD 1.09 a share, below forecasts of USD 1.17 a share. (Financial Times)



Categories: Earnings, North American Earnings

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