The Himalayan Times : UPS 1Q profit up‚ but international business slows - Detail News : Nepal News Portal

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UPS 1Q profit up‚ but international business slows

   
  

Added At:  2012-04-26 5:58 PM

   Last Updated At: 2012-04-26 6:00 PM

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ASSOCIATED PRESS

ATLANTA: UPS says profit rose 6 percent in the first quarter as an improving domestic shipping business made up for a slowdown overseas.


UPS' net income rose to $970 million, or $1 per share, from $915 million, or 91 cents per share.


Revenue rose 4.4 percent to $13.14 billion.


The results were below analysts' estimates of net income of $1.02 per share and revenue of $13.3 billion. Shares fell 3 percent in premarket trading.

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