UPS earnings rise 37%, but stock is pummeled

Article Abstract:

United Parcel Service Inc. (UPS) posted a 37% increase in its net income for the 1999 fourth-quarter. However, investors had expected UPS to post an ever-higher improvement as a result of the 1999 Christmas season.

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UPS net surged 22% despite higher fuel prices

Article Abstract:

United Parcel Service Inc. (UPS) posted an increase of 22% in its profits for the 2000 third-quarter. The company, higher fuel prices notwithstanding, posted $702 million in net income for the period.

Freight transportation arrangement

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UPS will restate its recent earnings to reflect change

Article Abstract:

United Parcel Service of America Inc. (UPS) will restate its earnings for the second-quarter of 1999 in order to reflect a one-time charge of $1.44 billion (1.36 billion euros). UPS is planning to hold an initial public offering during the latter part of 1999. The company's $588 million quarterly profit is eliminated as a result of the earnings restatement. UPS now posts a quarterly loss of $854 million.

Comment:

Restates earnings for second-quarter of 1999 to reflect one-time charge of $1.44 billion

Abstract

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