UPS Profit Rises on Strong Demand, Beats Analysts' Expectations


UPS 3Q earnings beat expectations

Earnings HQ: FBN’s Lori Rothman breaks down UPS’s third-quarter earnings report.

United Parcel Service Inc (NYSE:UPS) reported a better-than-expected quarterly profit on Friday, driven by growing demand, improving margins in the United States and strong growth in Asia and Europe.

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UPS, the world's largest shipping company, reported earnings per share of $1.32, up 14 percent from $1.16 a year earlier. Analysts expected $1.28 per share.

Atlanta-based UPS posted revenue of $14.29 billion for the quarter, up 6 percent from $13.52 billion in the same quarter in 2013. That came in slightly above analysts' estimates of $14.2 billion.

(Reporting by Nick Carey; Editing by Jeffrey Benkoe)