UPS, FedEx Shares Fall as UPS Cuts Outlook
January 17, 2014 at 10:09 AM EST
In a press release Friday, UPS (NYSE: UPS ) lowered its EPS guidance for fiscal year 2013 from the previous $4.65-$4.85 range to $4.57. Despite this change, UPS said it remains confident for 2014 with an estimated EPS growth rate of 10-15 percent for the year. UPS also offered some