UPS: Q3 Earnings Snapshot

ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported third-quarter profit of $1.16 billion.

On a per-share basis, the Atlanta-based company said it had net income of $1.37. Earnings, adjusted for non-recurring costs, came to $1.69 per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The package delivery service posted revenue of $22.85 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $22.25 billion.

For the current quarter ending in December, UPS said it expects revenue in the range of $25.7 billion.

The company expects full-year earnings to be $7.28 per share, with revenue expected to be $92.6 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS