UPS Lowers 4Q Earnings Forecast on Holiday Costs

Transport Topics
January 24, 2015

UPS Inc. said fourth-quarter earnings per share will be $1.25, lagging Wall Street estimates, because of higher costs related to U.S. deliveries during the peak season.

“While [domestic] package volume and revenue results were in line with expectations, operating profit was negatively impacted by higher-than-expected peak-related expenses,” the statement said. UPS also said 2015 earnings would be “slightly below” its prior full-year target of 9% to 13% profit growth.

Click here to read more at Transport Topics.

Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

“GROW” Act: A Threat to Workers’ Pensions

A new threat to retirees and workers’ pensions was introduced in Congress last month: the misnamed “Give Retirement Options to Workers” Act. It does not give options to workers, but it could shift risk and uncertainty to some workers, and undermine stable pensions.

UPS Contract Call to Action: Teamsters United Launches Petition Drive

Teamsters United has launched a petition drive to demand a fair UPS contract and TDU activists are making plans.

View More News Posts