ATLANTA (AP) – UPS is reporting second-quarter net income of $1.38 billion.
On a per-share basis, the Atlanta company had profit of $1.58, easily exceeding projections of $1.46 from industry analysts, according to analysts surveyed by Zacks Investment Research.
The package and delivery service posted revenue of $15.75 billion in the period, also exceeding Wall Street forecasts for $15.48 billion.
UPS expects full-year earnings in the range of $5.80 to $6.10 per share.
Shares of United Parcel Service Inc. have dropped 2 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 11 percent.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS
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Keywords: United Parcel Service, Earnings Report, Priority Earnings