UPS 4th-qtr profit falls on charge, but adjusted profit soars on improving US business

The tide has turned in UPS’ global business. Earnings at the world’s largest package delivery company are now being powered by an economic “uplift” in the U.S., while growth in the formerly red-hot international division has slowed.

UPS said a stronger than expected U.S. economy and a surge in online holiday sales led operating profit higher in the fourth quarter of last year. While net income was lower due to an accounting charge, adjusted profit rose 21 percent and topped Wall Street’s expectations.

UPS expects to see faster growth this year in the U.S. economy than in 2011. That will be in contrast to other parts of the world, where UPS predicts the pace of growth will slow.

Read Full Article from Washington Post

- Posted: 2012-01-31 14:06:26

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