ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported second-quarter profit of $604 million.
The Atlanta-based company said it had net income of 71 cents per share. Earnings, adjusted for non-recurring costs, came to $1.76 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The package delivery service posted revenue of $22.83 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $21.75 billion.
UPS expects full-year earnings to be $7.22 per share, with revenue expected to be $91.2 billion.
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