ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported second-quarter earnings of $2.08 billion.
The Atlanta-based company said it had net income of $2.42 per share. Earnings, adjusted for non-recurring costs, came to $2.54 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.
The package delivery service posted revenue of $22.06 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $22.88 billion.
UPS expects full-year revenue of $93 billion.
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