ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported second-quarter net income of $1.28 billion.
On a per-share basis, the Atlanta-based company said it had net income of $1.51. Earnings, adjusted for non-recurring costs, were $1.55 per share.
The results did not meet Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The package delivery service posted revenue of $21.22 billion in the period, surpassing Street forecasts. Nine analysts surveyed by Zacks expected $20.85 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS
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