UPS 2Q Earnings Snapshot

otqllowe

ATLANTA (AP) _ United Parcel Service Inc. (UPS) on Wednesday reported second-quarter net income of $1.69 billion.On a per-share basis, the Atlanta-based company said it had profit of $1.94. Earnings, adjusted for non-recurring costs, were $1.96 per share.The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.The package delivery service posted revenue of $18.05 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $17.96 billion.UPS expects full-year earnings in the range of $7.45 to $7.75 per share.UPS shares have increased almost 8% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has dropped nearly 7% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPSThe Associated Press

Leave a Reply

Your email address will not be published. Required fields are marked *