UPS reduces earnings outlook
From Times Staff and Wire Reports
United Parcel Service Inc. lowered its first-quarter earnings forecast, citing higher fuel costs.
The company, considered a bellwether of U.S. economic activity, now expects earnings at 86 to 87 cents a share, compared with its previous range of 94 to 98 cents.
Shares of UPS fell more than 3.5% in after-hours trading. They fell 47 cents to $73.31 during the regular session.
