Follow us on

Summary Box: UPS 3Q profit rises, backs year view

Source : AP
Last Updated: Wed, Oct 26, 2011 17:30 hrs

: United Parcel Service Inc., the world's largest package delivery company, said Tuesday that improvement in its supply chain and freight business in the U.S. is offsetting a slowdown in the once red-hot business of shipping gadgets and other expensive goods from Asia. It stuck with its earnings expectations for the full year

SUMMER REPORT: In the three months ended Sept. 30, the Atlanta company earned $1.04 billion, or $1.06 per share, compared with $991 million, or 99 cents per share, a year earlier. Revenue rose 8 percent to $13.17 billion.

UNIT BY UNIT: Freight segment revenue rose 5 percent and U.S. domestic package revenue was up 7 percent. Despite slowing growth, international package revenue still rose 14 percent. That was mostly due to higher prices and fuel surcharges.

blog comments powered by Disqus
most popular on facebook
talking point on sify finance