Making Financial Headlines · Page 9
UPS Raises Its Forecast Again, Delivering Investors Another Upward Revision
· New York time
UPS beat Wall Street's third-quarter expectations and raised its full-year guidance for the second quarter in a row. The delivery company's improved forecast gives shareholders a more optimistic view of the year than they had before the latest results. A higher outlook is still a forecast, not a completed delivery of the projected results. UPS must navigate the remainder of the year before investors can compare the promise with the final figures. Its earnings also attract attention because the company carries packages for businesses and consumers across the economy. Two consecutive increases give the update a satisfying rhythm: the forecast goes up, then the forecast goes up again. For a company in the delivery business, the shareholders' favorite package is apparently another box marked better than expected. They will still want to inspect the contents when the year ends.
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