UPS Posts Earnings of $1.35 a Share Versus $1.26 Expected
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United Parcel Service delivered quarterly earnings that surpassed analysts' expectations on Tuesday, as improved margins offset a slight drop in revenue.
After the earnings announcement, the company's shares rose in pre-market trading.
The company posted second-quarter adjusted earnings of $1.35 per share, up from $1.21 a share in the year-earlier period.
Total revenue fell 1.2 percent from a year ago to about $14.1 billion in the quarter. UPS said the strong U.S. dollar and lower fuel surcharges hurt revenue growth during the second quarter.
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