UPS 1Q profit up 14 percent to more than $1 billion - Yahoo
Higher rates help UPS boost 1Q profit 14 percent to $1.03 billion; revenue less than expected
UPS boosted first-quarter earnings by 14 percent as things like charging more for bulky but lightweight boxes helped increase U.S. revenue.
The domestic growth offset international revenue that was hurt because sales were less valuable when converted into the strong U.S. dollar.
The $1.03 billion profit beat Wall Street forecasts, although revenue was less than expected. The company stood by its forecast for full-year earnings.
Higher rates help UPS boost 1Q profit 14 percent to $1.03 billion; revenue less than expected
UPS boosted first-quarter earnings by 14 percent as things like charging more for bulky but lightweight boxes helped increase U.S. revenue.
The domestic growth offset international revenue that was hurt because sales were less valuable when converted into the strong U.S. dollar.
The $1.03 billion profit beat Wall Street forecasts, although revenue was less than expected. The company stood by its forecast for full-year earnings.
