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ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Thursday reported third-quarter net income of $1.54 billion.
The Atlanta-based company said it had profit of $1.80 per share. Earnings, adjusted for non-recurring gains, were $1.76 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The package delivery service posted revenue of $22.25 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $22.26 billion.
UPS expects full-year revenue of $91.1 billion.
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This story was generated by Automated Insights (https://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS