ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported first-quarter earnings of $1.9 billion.
The Atlanta-based company said it had profit of $2.19 per share. Earnings, adjusted for non-recurring costs, were $2.20 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.
The package delivery service posted revenue of $22.93 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $22.94 billion.
UPS expects full-year revenue of $97 billion.
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