Reported about 1 month ago
United Parcel Service (UPS) has reported its first profit growth in nearly two years, driven by a 6.5% increase in average daily US volume and improved profitability per package. Adjusted earnings reached $1.76 per share, surpassing analyst estimates, which led to a share price increase of up to 10% in morning trading. Despite ongoing challenges in the shipping industry and a revised revenue forecast for the year, UPS remains optimistic about consumer spending ahead of the holiday season.
Source: YAHOO