UPS Returns to Profit, Revenue Growth Ahead of Crucial Holidays; Shares Jump
UPS reported an adjusted third-quarter profit of $1.76 per share, a 12% year on-year rise that topped analysts' average estimate of $1.63 per share. Revenue was up almost 6% to $22.2 billion. During the third quarter, volumes in its dominant U.S. business grew at the highest rate in more than three years, Dykes said.