ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported first-quarter profit of $864 million.
The Atlanta-based company said it had net income of $1.02 per share. Earnings, adjusted for non-recurring costs, came to $1.07 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.
The package delivery service posted revenue of $21.2 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $21.03 billion.
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