UPS Doesn't See a Drone Delivery Invasion Anytime Soon, but Does See a Healthy U.S. Economy

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UPS Doesn't See a Drone Delivery Invasion Anytime Soon, but Does See a Healthy U.S. Economy - The Street

Despite the U.S. economy sputtering a bit in the first quarter, transport giant United Parcel Service (UPS) delivered with its latest results.

The package delivery company reported first quarter earnings of $1.32 a share, beating Wall Street forecasts for $1.29 a share. Total revenue rose 6.2% to $15.3 billion, ahead of estimates for $15.2 billion. Excluding the impact of currency fluctuations, UPS saw sales rise 7.5%. Sales in the U.S. gained 5% on the back of average daily volume growth of 2.6% and higher delivery prices. It helped, too, that UPS continued to benefit from the shift toward online shopping. Meanwhile, international average daily volume rose 12.1%.
 
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