Friday, October 28, 2016

United Parcel Service Inc. Posts Earnings Results, Meets Expectations

Daily Export Shipments up 7.1% Led by Double-Digit Gains in Asia
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........

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