UPS Pulls a Little Enron, Restates Earnings
March 3, 2008 – 7:39 pmUPS has apparently pulled off a “small” Enron, restating its earnings to a reflect a loss of $2.52 per share, up from $2.46. A seemingly small amount, but over UPS’s many millions of shares, it adds up. Shareholders were unhappy about the prospect to say the least, sending the stock down an additional 2%.