UPS Profit Tops Estimates on Higher Rates

Discussion in 'The Latest UPS Headlines' started by cheryl, Oct 25, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    UPS Profit Tops Estimates on Higher Rates - Bloomberg

    UPS sales rose 8 percent to $13.2 billion, topping the mean estimate of $13.1 billion from 17 analysts. Average revenue per package increased in all the company’s segments, led by a 12 percent gain for intra-country shipments outside the U.S.

    The company said it repurchased more than $1.1 billion of its stock during the quarter. So far this year, UPS has bought back 31.7 million shares for about $2.2 billion.