Tuesday, July 26, 2011

UPS (NYSE: UPS): Q2 2011 Earnings Roundup

UPS (NYSE: UPS) reported Tuesday that its second-quarter profit climbed 26% to $1.06 billion, or $1.07 a share, from $845 million, or 84 cents, in the year-ago quarter. On an adjusted basis, the company earned $1.05 a share in the latest quarter. Revenue rose 8.1% to $13.2 billion. Analysts, on average, expected the company to report earnings of $1.04 a share on revenue of $13.1 billion.

"UPS's results reflect the continued execution of our strategy and the ability to grow earnings in an uneven economic environment," said Scott Davis, UPS chairman and CEO. "Customers are recognizing the value of the integrated solutions that leverage UPS capabilities around the globe and across the entire supply chain."

Looking ahead, the company reiterated its guidance for 2011 adjusted diluted earnings per share to a range of $4.15-to to $4.40.

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