UPS profit tops estimates as dollar weighs on revenue

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UPS profit tops estimates as dollar weighs on revenue - Reuters

Package delivery company United Parcel Service Inc posted a higher quarterly profit on Tuesday, despite its revenue being hurt by the strong U.S. dollar, and reiterated its full-year earnings outlook.

During a conference call with analysts, executives at the Atlanta-based company said that package volumes during this year's key holiday peak season between Thanksgiving and New Year's should rise 10 percent.
 
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