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AP National Business

UPS Q3 earnings beat estimates as revenue grows 9%

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KMIZ

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Published 5:18 AM

ATLANTA (AP) — United Parcel Service Inc. on Tuesday reported third-quarter profit of $2.33 billion. On a per-share basis, the Atlanta-based company said it had profit of $2.65. Earnings, adjusted for non-recurring costs, were $2.71 per share. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share. The package delivery service posted revenue of $23.18 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $22.61 billion.

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