UPS Reaffirms Full-year Adj. EPS Guidance; COO Jim Barber To Retire
(RTTNews) - United Parcel Service, Inc. (UPS) said the company has delivered solid performance for the third quarter. Looking forward, UPS reaffirmed full-year adjusted earnings per share guidance in the range of $7.45 to $7.75. Analysts polled by Thomson Reuters expect the company to report profit per share of $7.51. Analysts' estimates typically exclude special items. Adjusted free cash flow for the year is projected to be over $4.0 billion.
For the third-quarter, adjusted earnings per share increased 13.7 percent to $2.07. On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $2.06, for the quarter. Total operating profit growth was at more than 23 percent, and 20.1 percent on an adjusted basis, led by the U.S. Domestic and International segments.
Also, UPS announced Jim Barber, Chief Operating Officer, will retire at the end of December 2019.
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