Summary Box: UPS maintains year view, 2Q profit up

AP News
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Posted: Jul 26, 2011 9:23 AM
Summary Box: UPS maintains year view, 2Q profit up

CAUTIOUS OPTIMISM: UPS Inc. said Tuesday it still expects earnings to increase this year despite an uneven economic environment. It's maintaining its forecast for the year after reporting second-quarter earnings rose 26 percent.

BY THE NUMBERS: The world's largest package delivery company earned $1.06 billion, or $1.07 per share, between April and June, compared with $845 million, or 84 cents per share, last year. Revenue rose 8.1 percent to $13.19 billion.

INTERNATIONAL STRENGTH: International revenue climbed 13.3 percent led by continued strength in Asian and European exports. Sales in its core U.S. business rose 6.4 percent.