UPS misses, guides '13 down

Investor's Business Daily

The No. 1 package-delivery company's Q4 EPS rose 3% to $1.32, 6 cents below analysts' expectations, on weak global trade and disappointing holiday shopping. Revenue increased 2.9% to $14.57 bil, topping views for $14.43 bil. UPS (UPS) also sees a $225 mil rise in pension costs this year, and expects a slow-growth economy in '13 with a flat Q1. It projects full-year EPS of $4.80-$5.06, below Wall Street estimates for $5.11. Shares fell 2.4%.

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