UPS 1Q Earnings Jump 37 Percent on Revenue Increase of 7 Percent

Discussion in 'UPS Pressroom News' started by cheryl, Apr 27, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    International Profit Up 45%; Margin Expansion in all Segments

    As previously announced, UPS (NYSE:UPS) posted adjusted diluted earnings per share of $0.71 for the first quarter of 2010, a 37% gain over the adjusted $0.52 for the prior-year period. Revenue increased 7% to $11.7 billion. Growth in the international package and supply chain businesses, yield improvement and increased operating leverage resulted in margin expansion in all business segments.

    On a reported basis, diluted earnings per share for the first quarter of 2010 were $0.53 compared to $0.40 the prior year, a 33% improvement.
    Last edited: Apr 27, 2010