Share this story...
UPS 2Q profit beats Street as overseas business improves
Latest News

UPS 2Q profit beats Street as overseas business improves

In this June 20, 2014 photo, United Parcel Service (UPS) driver Marty Thompson scans a package before a delivery in Cumming, Ga. UPS reports quarterly financial results on Tuesday, July 28, 2015. (AP Photo/David Goldman)

ATLANTA (AP) — Overseas business helped UPS during its second quarter, as did the absence of a hefty charge recorded a year ago.

The package-delivery company earned $1.23 billion, or $1.35 per share, for the three months ended June 30. A year earlier it earned $454 million, or 49 cents per share.

Last year’s quarter included a $665 million charge for the transfer of some post-retirement liabilities to defined-contribution health care plans.

The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The Atlanta company’s revenue slipped $14.1 billion from $14.27 billion, hindered by lower fuel surcharges and foreign currency fluctuations.

Six analysts surveyed by Zacks expected higher revenue of $14.49 billion.

Total shipments climbed 2.1 percent to 1.1 billion packages. UPS daily export shipments rose 5.5 percent, mostly due to an 8.5 percent increase in intra-Europe shipments.

United Parcel Service Inc. maintained its full-year forecast for earnings in a range of $5.05 to $5.30. Analysts surveyed by FactSet expect $5.19 per share.


Elements of this story were generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on UPS at


Keywords: United Parcel Service, Earnings Report, Priority Earnings

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.