clear
Tuesday July 28th, 2015 4:29AM

UPS 2Q profit drops 58 percent

By The Associated Press
ATLANTA (AP) -- United Parcel Service Inc. (UPS) on Tuesday reported net income that declined by 58 percent in its second quarter, and missed analysts' expectations.<br /> <br /> The Atlanta-based company said profit declined to $454 million, or 49 cents per share, from $1.07 billion, or $1.13 per share, in the same quarter a year earlier.<br /> <br /> Earnings, adjusted for non-recurring costs, were $1.21 per share. The average per-share estimate of analysts surveyed by Zacks Investment Research was for profit of $1.24.<br /> <br /> The company said revenue climbed 5.6 percent to $14.27 billion from $13.51 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $14.07 billion, according to Zacks.<br /> <br /> United Parcel Service shares have fallen $2.42, or 2.3 percent, to $102.66 since the beginning of the year, while the Standard & Poor's 500 index has climbed 7.1 percent. However, the stock has risen $15.85, or 18 percent, in the last 12 months.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 6 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 6 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 6 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 6 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 6 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 6 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 6 months ago )
Local/State News
House, Senate on collision course in highway debate
WASHINGTON (AP) — Senators overruled heated conservative opposition Monday and added a measure reviving the federal Export-Import Bank to must-pass highway legislation. But House Republicans declared...
12:46AM ( 3 hours ago )
White County detainee walks away from work detail
Numerous law enforcement agencies are working to help locate a White County detainee who walked away from a work detail at the White County Courthouse Monday afternoon.
By Dean Dyer
8:56PM ( 7 hours ago )
Authorities seize crystal meth worth nearly $33,000
Authorities made four arrests and seized 11.5 ounces of crystal methamphetamine in a four-agency drug trafficking investigation spanning two states.
7:02PM ( 9 hours ago )
Hall Co School Board approves construction at East Hall, looks at AP scores
The Hall County School Board approved a SPLOST IV request and talked Advanced Placement scores at their board meeting Monday night.
6:31PM ( 9 hours ago )
VIDEO: Man on the Street: Did last week's theater shooting change your opinion on going to the movies?
For this week's Man on the Street feature, WDUN's Russell Brown asked North Georgia residents if last week's Louisiana theater shooting would impact the way they go see movies.
4:33PM ( 11 hours ago )