Earnings at High End of Guidance Range; Volumes Improve Through Quarter
UPS today reported diluted earnings per share of $0.55 for the third quarter on $11.2 billion in revenue. A stabilizing economic environment led to improving volume trends during the quarter, while UPS`s International business continued to increase market share.
The $0.55 in diluted earnings per share was at the high end of the company`s guidance range of $0.45 to $0.55.
"I`m encouraged by the signs of economic recovery that are becoming apparent, although we still have a long way to go," said Scott Davis, chairman and CEO. "Ongoing strategic investment has positioned UPS to capitalize on growth opportunities around the world. We are managing operations well, while controlling costs and maintaining excellent service." Full Story........