UPS says its third-quarter earnings sank on a huge penalty to withdraw from a pension plan. Without that charge, net income fell slightly but matched expectations on Wall Street.
The world's largest package delivery company is also narrowing its earnings forecast for the full year.
UPS says it earned $469 million, or 48 cents per share, in the most recent quarter, compared with $1.07 billion, or $1.09 per share, a year earlier. Without the huge charge, it earned $1.03 billion, or $1.06 per share.
Revenue fell less than 1 percent to $13.07 billion.
FactSet says analysts expected a profit of $1.06 per share on revenue of $13.32 billion.
United Parcel Service Inc. says improving international operating profit countered declines in the U.S. package and freight segments.
Tuesday, June 18 2013 5:56 AM EDT2013-06-18 09:56:03 GMT
Eager to cash in on the recent run of good news about the Stock Market, but you don't know how to get started? Here's how!
Eager to cash in on the recent run of good news about the Stock Market, but you don't know how to get started? Good Day Atlanta goes to the pros for answers!
Monday, June 17 2013 12:05 AM EDT2013-06-17 04:05:45 GMT
The loyalty cards on customer's key chains may be going out of fashion making way for the loyalty apps. There is a new one that has hit Atlanta called Front Flip.
The loyalty cards on customer's key chains may be going out of fashion making way for the loyalty apps. There is a new one that has hit Atlanta called Front Flip.
Friday, June 14 2013 8:56 AM EDT2013-06-14 12:56:09 GMT
Retailers got the go-ahead to pass along some extra charges to you, but not without some rules attached. You might not have noticed them just yet, but you should be on the lookout.
Retailers got the go-ahead to pass along some extra charges to you, but not without some rules attached. You might not have noticed them just yet, but you should be on the lookout.
Thursday, June 13 2013 7:16 AM EDT2013-06-13 11:16:10 GMT
You might think saving the environment has to cost a lot of money. But, Good Day Atlanta's Tacoma Perry found way to go green and save green at the same time.
You might think saving the environment has to cost a lot of money. But, Good Day Atlanta's Tacoma Perry found way to go green and save green at the same time.
Wednesday, June 12 2013 10:07 AM EDT2013-06-12 14:07:03 GMT
Earlier this year, FOX's Steve Noviello brought you some of the coolest new gadgets around from the Consumer Electronics Show. So which ones made the cut?
Earlier this year, FOX's Steve Noviello brought you some of the coolest new gadgets around from the Consumer Electronics Show. So which ones made the cut? He joined Good Day to tell us which ones are hitting store shelves near you.
Tuesday, June 11 2013 8:03 AM EDT2013-06-11 12:03:28 GMT
According to The Brookings Institute, Atlanta's suburbs are the most impoverished areas in the country, but one agency continues to be the place where families can find help.
According to The Brookings Institute, Atlanta's suburbs are the most impoverished areas in the country, but one agency continues to be the place where families can find help.
