UPS 4th-Qtr Earns Hurt by Volume Drop
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United Parcel Service Inc. said on  Thursday its fourth-quarter net earnings grew, but missed its  initial forecast, after expected tax credits failed to  materialize, domestic package volume dropped sharply and  operating costs rose.
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Lower sell-throughs lead to unhappily high inventories.
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Plus: Time Warner net income slips...Cell phone unit shores up Verizon...Gateway trims loss in third quarter...EDS delays earnings.
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Phone company Qwest Communications International Inc  on Tuesday cut its earnings outlook for the year, sending its shares down 4 percent, though its quarterly profit rose with the help of a tax benefit and cost cuts.
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DENVER -- Qwest Communications International Inc. on Tuesday reported a jump in third-quarter net income due to a $2.15 billion tax benefit and said overall revenue dipped because of a 19 percent drop in traditional wholesale services.
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Choppy waters ahead in Q4 Network Appliance had a strong fiscal third quarter, but warns that current quarter revenue could suffer because banks are cutting orders.â¦
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Great news -- your stock just got downgraded!
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The electronics company posts a big loss amid a variety of problems the company says are "self-induced." It also warns it expects an operating loss for the current quarter, which includes the rest of the holiday selling season.
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It's hardware upgrade time for this company's remote sites, and the server team is getting pressure to use a new brand of UPS -- by the company's network group.
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Underpromising in order to overdeliver can't make up for sluggish operating results.
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Plus: Alcatel outlook weak...Cisco profit climbs...Time Warner lowers earnings target...Electronic Arts lowers outlook.
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Quarterly net income was $46.3 million against a year-earlier loss, but sales continued to fall at the retailer amid intense competition in the electronics sector.
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Science & environment: Â· Apple announces UK sale date for Â£269 gadgetÂ· Rural customers face network problems
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Sputtering U.S. economy forces shipper to cut forecast.
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United Parcel Service Inc. , the  world's largest package delivery company, on Tuesday posted  weaker-than-expected profit and warned that third-quarter  results would miss expectations, sending shares down more than  5 percent.
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The company talks down a recent inexplicable stock run-up.