UPS Profit Tops Estimates as Online-Purchase Deliveries Rise
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United Parcel Service Inc. posted higher first-quarter earnings than analysts estimated as the world’s largest package-delivery company carried more purchases to online shoppers.
Profit of $1.04 a share, excluding some costs and gains, topped the $1.01 average estimate from analysts. The Atlanta-based company also reiterated its full-year forecast of $4.80 to $5.06, which compared with the $4.99 average of 30 estimates from analysts.