UPS Trading Lower Following Cautious 2015 Guidance


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United Parcel Service, Inc. (NYSE: UPS) traded lower Thursday afternoon following a cautious outlook for 2015.Speaking at an investor day conference, UPS's management guided its full year 2015 earnings per share to a range of $5.45 to $5.70. This may be seen negatively by investors and traders as the current analyst consensus for 2015 is $5.70.The company expects to see fiscal 2015 global sales growth of 5 percent to 6 percent with an operating profit growth between 9 percent and 11 percent. Domestic sales growth is expected to be 5 percent to 6 percent in 2015.Other notable comments from the investor conference include a commitment to return $30 billion to shareholders over the next five years. The company also plans to fully automate its sorting hubs for Tier 1 regions by 2020.In addition, UPS plans on adding 20 new Chinese markets and expand its presence in the 33 markets it currently operates in.
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