UPS Reports 37 Percent Growth in 1st Quarter Earnings

Discussion in 'UPS Pressroom News' started by cheryl, Apr 14, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    International Revenue Stronger Than Expected; UPS Raising Guidance, Expects 2010 EPS To Climb 32-43%

    UPS (NYSE:UPS) today pre-announced a 37% increase in adjusted diluted earnings per share for the first quarter of 2010. The results were powered by a significant acceleration in the international package and supply chain businesses and improved operating margins across all three segments.

    Adjusted first quarter earnings totaled $0.71 per diluted share compared to an adjusted $0.52 in the prior-year quarter. On a reported basis, diluted earnings per share were $0.53 compared to $0.40 for the prior-year period, an improvement of 33%.