e Transport Companies To Release Quarterly Earnings
Earnings results from the transportation sector continue to roll in, with reports due from United Parcel Service Inc. (UPS), C.H. Robinson Worldwide Inc. (CHRW), Con-Way Inc. (CNW) and YRC Worldwide Inc. (YRCW). Analysts expect improved top- and bottom-line results from UPS, C.H. Robinson and Con-Way, while YRC's loss is expected to widen, although revenue is projected to improve.
UPS said earlier Friday it will change its pension accounting to a methodology viewed as more transparent but that has the potential to make corporate profits appear more volatile from year to year. The company said it will record an $827 million pre-tax charge in the fourth quarter as it changes to a mark-to-market system of accounting, in which it recognizes gains and losses in its pension plans on an annual basis instead of spreading the impact over time.
Results are also due next week from Exxon Mobil Corp. (XOM), McGraw-Hill Cos. (MHP), Pfizer Inc. (PFE) and Green Mountain Coffee Roasters Inc. (GMCR)
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