UPS posts 16% earnings gain, tops forecasts

[H25BCPTN]

NEW YORK (MarketWatch) -- United Parcel Service Inc. said Thursday it earned $882 million, or 78 cents a share, on consolidated revenue of $9.89 billion, up from $759 million, or 67 cents a share, on consolidated revenue of $8.92 billion. Analysts polled by Thomson First Call had expected earnings of 73 cents a share, on revenue of $9.72 billion. The company noted that a change to its management bonus program had a positive impact of 4.5 cents a share on first quarter earnings and that it expects comparable benefits for the rest of the year. As a result, UPS raised its full-year earnings growth outlook to the range of 16% to 20% over the adjusted $2.90 reported for 2004. The previous guidance was for 13% to 17% growth. For the second quarter, UPS expects earnings per share in a range of 82 cents to 87 cents and 2% growth in volume trends in its U.S. domestic business.

Now show me the money.

Fly Safe

 

[Mach92]

NEW YORK (MarketWatch) -- United Parcel Service Inc. said Thursday it earned $882 million, or 78 cents a share, on consolidated revenue of $9.89 billion, up from $759 million, or 67 cents a share, on consolidated revenue of $8.92 billion. Analysts polled by Thomson First Call had expected earnings of 73 cents a share, on revenue of $9.72 billion. The company noted that a change to its management bonus program had a positive impact of 4.5 cents a share on first quarter earnings and that it expects comparable benefits for the rest of the year. As a result, UPS raised its full-year earnings growth outlook to the range of 16% to 20% over the adjusted $2.90 reported for 2004. The previous guidance was for 13% to 17% growth. For the second quarter, UPS expects earnings per share in a range of 82 cents to 87 cents and 2% growth in volume trends in its U.S. domestic business.

Now show me the money

Fly Safe

UPS and NETJETS making TONS of CASH and both pilot groups up to a STRIKE VOTE. Ya gota love management!