United Parcel Service, Inc. Provides Earnings Guidance for the Fourth Quarter of 2013 and Full Year of 2014; Revised Earnings Guidance for the Year 2013
Full-year 2013 adjusted diluted earnings per share are expected to be $4.57, below the previously provided guidance of $4.65 to $4.85. On a reported basis, 2013 diluted earnings are expected to be $4.61 per share. U.S. results were negatively impacted by the challenges of the compressed peak season coupled with an unprecedented level of online shopping that included a surge of last-minute orders.
The company expects full-year 2014 diluted earnings per share to grow in line with its long term targets of 10-to-15%, compared to 2013 adjusted results.