UPS first-quarter profit tops estimates as revenue rises - Reuters
United Parcel Service Inc reported a higher-than-expected quarterly net profit on Thursday as revenue grew across its domestic and international package delivery segments and as well as freight and supply chain operations.
Often seen as a bellwether of U.S. economic activity, UPS said revenue increased to $15.315 billion in the first quarter from $14.418 billion in the year-ago period, above expectations of $15.17 billion in revenue.
"We think of it as a good start, and we’re determined to have a good finish to the rest of the year," Chief Executive Officer David Abney said in an interview with Reuters.
United Parcel Service Inc reported a higher-than-expected quarterly net profit on Thursday as revenue grew across its domestic and international package delivery segments and as well as freight and supply chain operations.
Often seen as a bellwether of U.S. economic activity, UPS said revenue increased to $15.315 billion in the first quarter from $14.418 billion in the year-ago period, above expectations of $15.17 billion in revenue.
"We think of it as a good start, and we’re determined to have a good finish to the rest of the year," Chief Executive Officer David Abney said in an interview with Reuters.
