News Update: UPS (NYSE:UPS) Beats Q4 EPS Estimates by a Penny, Revenues also Top Forecast

UPS (NYSE:UPS) reported fiscal Q4 EPS of 75 cents, beating the consensus estimates by one penny.

Revenues fell 2.5% year-over-year to $12.38 billion, ahead of the consensus estimates of $12.22 billion. UPS sees 2010 EPS of $2.70-$3.05, vs. consensus estimates of $2.80

Chairman and CEO Scott Davis said, "UPS ended 2009 on a high note by leveraging network changes implemented throughout the year and executing flawlessly during the peak holiday shipping period, which was stronger than we had anticipated," said UPS Chairman and CEO Scott Davis. "The company demonstrated its ability to manage effectively in changing market conditions. UPS has emerged from the worst recession in decades leaner, more focused and better positioned to take advantage of increased global trade."

Category:

News & Politics

Tags:

• Finance
• Investing
• Stock
• Alerts
• Trends
• Trading
• Equities
• Charts
• Uptrends
• Downtrends
• SmarTrend
• UPS
• NYSE