|
COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO
BECKY QUICK, CNBC ANCHOR: During the session today, though, Wall Street`s been keeping a very watchful eye on UPS to see how high fuel costs have affected the company`s bottom line. So far so good, with third quarter results falling in line with expectations at 86 cents per share. Net income grew 7 percent to $953 million dollars. That`s up from $890 million in the year ago quarter. Revenue, though, grew nearly 18 percent to $10.6 billion. That compares with $9 billion last year. Take a look at the stock today. You can see, pretty nice move upward for UPS, up just about 2 percnet, or just over 2 percent, up almost $1.50 to $72.30. CFO Scott Davis joins us from UPS headquarters in Atlanta.
And, sir, thanks for being with us today. We appreciate it.
SCOTT DAVIS, CHIEF FINANCIAL OFFICER, UPS: Great to be with you, Becky.
QUICK: You know, the skeptics on the street were saying, "Take a look at what happens with UPS because of these high fuel costs." You use a ton of fuel. How are you able to kind of keep that in line and still...
Read the full article for free courtesy of your local library.
|
Bookmark this article
Print this article
Link to this article
Email this article
Digg It!
Add to del.icio.us
RSS
