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U.S. Morning Call: UPS posts Q4 loss, sees 2013 profit up

Thursday, January 31, 2013 - 04:22

Jan. 31 - United Parcel Service reported a net loss in the fourth quarter after a $3 billion one-time charge from pension accounting, and forecast that 2013 earnings would rise 6 percent to 12 percent.

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Here's your morning call for Thursday its earnings parade let's start with what's in store for the world's largest livery company UPS. Fifteen minutes UPS is expected to post -- sharply higher profit for the fourth quarter on holiday shopping and e-commerce. But may disappoint analysts expect a mere 2% rise reflected overall slow growth in shipment volumes. Companies economic outlook will be in focus the forecast an important growth indicator -- big question mark on the minds of investors. After yesterday's negative GDP reading. Yeah I question what -- with TNT. Investors hoping for more DTL on the failed seven billion dollar takeover bid. UPS pulled the plug in the deal earlier this month after European regulators said they would not allow the -- due to antitrust concerns. Also -- today results from Dow Chemical the company reported a loss of 716 million dollars to -- fall in sales of some products. And large restructuring charge. Dow Chemical to -- 990. Million dollar hit. Part of a plan announced October to lay off 5% of its workforce. Close twenty plants and write down the value of its underperforming lithium ion battery business. Time Warner Cable reporting 810% jump in revenue this morning helped by increasing demand for its high speed data services. On the earnings call investors will want to know how a company plans to manage costs other shelling out billions on the new LA Dodgers sports channel. -- not -- health care front we've got results from Aetna. Profits dropped sharply as costs rose in parts of the employer based insurance business. And also to charges for settling litigation involving out of network care. And also said CF and adjust it to Gretzky with leading new business internally. Sure on where who has been with Aetna since 2011 and was previously CF Coventry health. We'll be good news CF. And about Coventry for five point six billion in August last year. Results from other companies as well looks like potash -- EPS estimates and whirlpool beat. Whirlpool also bullish on the year saying improving trends in the US housing an emerging market creating positive momentum for 2013. Out yesterday -- results from FaceBook the first of march stocks to watch CEO Mark Zuckerberg saying quote. Today there is no argument FaceBook is a mobile company on a conference call with -- investors. An -- to something the social network doubling its mobile ad revenue in the fourth quarter. And seeing a 40% jump in revenue overall to one point 59 billion bucks. But investors still not that impressed. Profit did off 79%. For the quarter FaceBook shares dropped 5% in after hours trading and are now down 6% in the premarket. Speaking of mobile companies Research in Motion NASA calling itself Blackberry. Not getting angry reaction after the launch of its Blackberry ten not to mention he can get one until March. Investors losing their patients the stock plummeted 12% and is now around thirteen box in the premarket. Our last -- to watch Reuters exclusive. Citigroup looking to pull out of consumer banking in more countries the bank attempting to lower costs and boost profits according to two people familiar with the matter. One of Michael cork bats first major steps as chief executive. Cities in 100 countries with consumer banking in forty. Moving on to markets US stock futures -- exit the open of course this could change -- earnings and and the macro front we've got us -- data including the challenger layoffs figure for January ahead of tomorrow's jobs report. Also out today weekly jobless claims expected to show a rise to 350000. In Washington the US senate is expected to pass an extension -- debt -- already approved by the house. Without the bill the government would have hit the sixteen point four trillion dollar debt ceiling by mid February. That's according opera Thursday remembered follow us on Twitter at what is inside -- get more artists videos -- Reuters dot com slash -- it. I'm Lisa Bernhard this is right.

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U.S. Morning Call: UPS posts Q4 loss, sees 2013 profit up

Thursday, January 31, 2013 - 04:22

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