UPS 2013 Forecast Trails Analysts’ Estimates on Weak Economy
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United Parcel Service Inc., the world’s largest package-delivery company, forecast profit for this year that trailed analysts’ estimates as a weak global economy weighs on shipping.
Earnings per share will be $4.80 to $5.06, the Atlanta-based company said today in a statement. Analysts projected $5.13, the average of 25 estimates in a Bloomberg survey.