ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported third-quarter net income of $1.31 billion.
On a per-share basis, the Atlanta-based company said it had net income of $1.55. Earnings, adjusted for non-recurring costs, were $1.74 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The package delivery service posted revenue of $21.42 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $20.84 billion.
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