UPS maintains 4Q profit despite sluggish global economy

Air

Thursday, January 31, 2013

UPS, which moves everything from small packages to giant freight shipments through in-house and contracted logistics services, announced earnings projections for 2013 in the range of $4.80 to $5.06 cents per share, an increase of 6 to 12 percent compared to 2012 adjusted results. But the earnings forecast is lower than the consensus estimate of analysts, reflecting weak shipping demand and a 200 million-euro breakup fee owed to Dutch express carrier TNT after the European Com...

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