UPS warns of hit to profits from holiday delivery costs

Sandy Springs-based UPS warned Friday that its profits will take a hit from extra expenses during last year’s holiday delivery season, when the company was striving to renew its reputation for on-time shipments.

UPS said it expects its fourth quarter earnings per share to come to 49 cents, while its adjusted earnings per share for the quarter is expected to be $1.25, significantly missing expectations.

“Clearly, our financial performance during the quarter was disappointing,” said UPS CEO David Abney in a written statement. “Though customers enjoyed high quality service, it came at a cost to UPS.”

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