Summary Box: UPS 3Q profit rises, backs year view

AP News
Posted: Oct 25, 2011 11:21 AM
Summary Box:  UPS 3Q profit rises, backs year view

HOLDING STEADY: United Parcel Service Inc., the world's largest package delivery company, said Tuesday that improvement in its supply chain and freight business in the U.S. is offsetting a slowdown in the once red-hot business of shipping gadgets and other expensive goods from Asia. It stuck with its earnings expectations for the full year

SUMMER REPORT: In the three months ended Sept. 30, the Atlanta company earned $1.04 billion, or $1.06 per share, compared with $991 million, or 99 cents per share, a year earlier. Revenue rose 8 percent to $13.17 billion.

UNIT BY UNIT: Freight segment revenue rose 5 percent and U.S. domestic package revenue was up 7 percent. Despite slowing growth, international package revenue still rose 14 percent. That was mostly due to higher prices and fuel surcharges.