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本帖最后由 nnd1 于 2012-1-31 09:29 编辑
FAS
UPS sees 2012 profit up 9 to 15 percent
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Open Sell 200 FAS Limit 83.00 -- 05/30/12 --
Canceled Sell 200 FAS Limit 80.00 -- 01/31/12 06:53:19 01/31/12
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(Reuters) - United Parcel Service (NYSE:UPS - News) said on Tuesday it expects profit to rise 9 percent to 15 percent this year, as solid U.S. demand and growing e-commerce activity offsets an uneven global economy.
Reported fourth-quarter profit was down sharply as the result of a change in how the world's largest package-delivery company accounts for its pension expenses. Factoring that change out, profit would have been up, helped by strong growth in the company's consumer business -- driven by online shopping during the recent holiday season -- which offset less-robust growth outside the United States, analysts said.
"Better-than-expected margins in both domestic and supply chain offset margin weakness in international. But international volume growth, export volumes, were consistent with expectations," said Benjamin Hartford, a senior research associate at Robert W. Baird in Milwaukee.
The Atlanta-based company set an initial 2012 profit target of $4.75 to $5 per share for 2012, which would represent 9 percent to 15 percent growth over 2011 levels and at its midpoint is above the $4.80 per share analysts had expected.
Its shares fell less than 1 percent to $75.60 in premarket trading from Monday's close of $76.15 on the New York Stock Exchange.
Chief Executive Scott Davis said on a conference call with analysts that UPS expects continued strong demand in its home market. "The U.S. is one of the few economies where expectations are greater than last year," Davis said.
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