Friday, October 28, 2016
United Parcel Service Inc. Posts Earnings Results, Meets Expectations
Total UPS Revenue up 4.9% with Headwinds from Fuel and Currency
UPS announced third-quarter 2016 diluted earnings per share of $1.44, a 3.6% increase over the same period last year. International operating profit increased 14% to $576 million, achieving the seventh consecutive quarter of double-digit growth.
Total reported revenue was $14.9 billion, up 4.9% over the same quarter last year. Changes in fuel surcharges and currency exchange rates negatively affected revenue growth. On a currency-neutral basis, revenue increased 5.1%. In addition, lower fuel surcharge rates reduced revenue growth by approximately 50 basis point.
Full Report Here........