UPS tops 3Q net income and revenue expectations

ATLANTA – ATLANTA (AP) _ United Parcel Service Inc. (UPS) on Friday reported third-quarter earnings of $1.21 billion.

The Atlanta-based company said it had profit of $1.32 per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The package and delivery service posted revenue of $14.29 billion in the period, also topping Street forecasts. Analysts expected $14.2 billion, according to Zacks.

UPS expects full-year earnings in the range of $4.90 to $5 per share.

UPS shares have dropped slightly more than 4 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5.5 per cent. The stock has increased 7 per cent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. UPS stock research report from Zacks.


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