UPS posts lower second-quarter profit
July 23 (Reuters) - United Parcel Service Inc on Tuesday posted a smaller quarterly profit as customers, especially on international routes, chose slower, cheaper shipping services.
For the second quarter, UPS, the world's No. 1 package delivery company, earned $1.07 billion, or $1.13 a share, compared with $1.12 billion, or $1.15 a share last year.
Total revenue increased 1.2 percent to $13.51 billion.
UPS shares closed at $87.61 Monday on the New York Stock Exchange.
- Confusion as search for Malaysian jet spreads across SE Asia |
- Malaysia military source says missing jet veered to west |
- Toddler found with heroin at New Jersey daycare center
- Special Report: How China's official bank card is used to smuggle money |
- UPDATE 1-Missing Malaysian plane last seen at Strait of Malacca-source