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ATLANTA — UPS had one other robust quarter with shipments to properties persevering with at a brisk tempo, although income at dwelling, its largest market, was slightly weaker than some had anticipated.
Shares slipped about 1% earlier than the opening bell July 27.
Home income nonetheless grew 10.2% to $14.40 billion within the second quarter, with per-piece income rising 13.4%. Nevertheless, Wall Road had projected home income of $14.76 billion. Income from worldwide operations spiked 30% to $4.82 billion, which was higher than the $4.57 billion analysts had anticipated.
For the three months ended June 30, UPS Inc. earned $2.68 billion, or $3.05 per share. Stripping out one-time prices, earnings had been $3.06 per share, simply beating the $2.75 that Wall Road was searching for.
A 12 months earlier the Atlanta firm earned $1.77 billion, or $2.03 per share.
General income was $23.42 billion, additionally higher than anticipated.
UPS ranks No. 1 on the Transport Topics top 100 list of the larges for-hire carriers in North America.
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https://www.ttnews.com/articles/ups-earns-27-billion-q2 | UPS Earns $2.7 Billion in Q2