Vladimír Urbánek (Kurzy.cz)
World markets  |  July 24, 2012 15:31:50

UPS in 2Q estimates lagged behind the market and reduce full-year profit forecast

World leading freight forwarders services, the U.S. company UPS, the 2Q of this year recorded a yoy growth in net profit by 2.2% to 1.12 mld.USD = $ 1.15 per share, which fell short of market estimates set in this respect to profit $ 1.17.
Total sales increased by 1.2% to 13.3 mld.USD. In Q1 revenues grew by 4.4%. The decline in sales growth was related mainly to the fact that clients chose cheaper transport services. Revenues from international delivery fell by 4%, revenue division supply chain and transportation costs fell by 1.6%.

The management company lowered its estimates for the previous year's annual profit from the originally estimated 4,75-5 per share at 4.5 to 4.7 USD.

Results forwarding companies are always carefully monitored because they are seen as one of the important signals the real state of the economy.

UPS shares to the report of the pre-commercial phase of response decrease by about 4%. At the end of yesterday the title this year so far attributed the appreciation of 6.5%.
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UPS ve 2Q zaostala za odhady trhu a snížila odhad celoročního zisku

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