UPS Warns Of 2Q Profit Dip As Fuel Costs Hurt Demand
U.S. cargo operator UPS expects second-quarter profits to dip 15% below expectations because of the adverse effects of high oil prices. The company now says earnings per diluted share for the three months to June 30 are forecast at 83 cents to 88 cents, compared with the 97 cents to $1.04 predicted...
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