UPS profit rises 7 percent on strong post-holiday season
April 25 (Reuters) - United Parcel Service Inc, the world's largest package-delivery company, reported a 7 percent rise in quarterly profit, helped by a stronger-than-expected post-holiday season in January.
Net income rose to $1.04 billion, or $1.08 per share, in the first quarter, from $970 million, or $1 per share, a year earlier.
Excluding items, UPS earned $1.04 per share. Revenue rose 2.2 percent to $13.43 billion.
UPS dropped its $7 billion bid for Dutch delivery firm TNT Express in January after European regulators said they would veto the deal on antitrust concerns.
- Obama makes rare campaign trail appearance, people leave early
- Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders |
- Obama makes rare campaign trail appearance, some leave early
- Nigeria declared Ebola-free, holds lessons for others |
- U.S. stocks end higher despite drag from IBM