Global business slows but UPS still manages to deliver a profit for Q1


AP

ATLANTA — UPS said Thursday that its first-quarter profit rose 6 percent, but the result came in below Wall Street’s expectations as Asian exports and other international shipments slowed.

United Parcel Service Inc. (UPS), the world’s largest package company, said net income rose to US$970 million, or US$1 per share, from US$915 million, or 91 cents per share.

Revenue rose 4.4 percent to US$13.14 billion. Analysts expected net income of US$1.02 per share and revenue of US$13.3 billion, according to FactSet.