(Bloomberg) — United Parcel Service Inc.’s profit outlook fell short of analyst estimates, held back by declines in global industrial production and spending to cope with soaring e-commerce deliveries.Earnings will be $7.76 to $8.06 a share this year, UPS said in a statement Thursday as it reported earnings. Analysts had predicted $8.07 a share on average, higher than the $7.91 midpoint of the UPS forecast.Key InsightsWhile the forecast was weak, UPS logged a third consecutive quarter of gains in profit margins. That reversed a slide that began at the end of 2016, when rising e-commerce deliveries started jacked up costs. …read more
Source:: Yahoo Finance
