July 24 United Parcel Service reported
higher quarterly results that missed forecasts and the world's
largest package delivery company cut its 2012 outlook, citing
uncertain global economic conditions.
UPS on Tuesday said net earnings rose to $1.12 billion, or
$1.16 per share in the second quarter, from $1.092 billion, or
$1.09 per share a year earlier.
Adjusted profit rose 7.5 percent to $1.15 per share compared
with $1.07 per share a year earlier, when the company recorded
two real estate transactions.
The company lowered its full-year outlook to $4.50 to $4.70
a share, from its prior estimate of $4.75 to $5.00 earnings per