United Parcel Service beats 2Q net income expectations, misses revenue forecasts

MarketsAssociated Press

United Parcel Service Inc. (UPS) on Tuesday reported second-quarter earnings of $1.23 billion.

On a per-share basis, the Atlanta-based company said it had profit of $1.35.

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The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The package and delivery service posted revenue of $14.1 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $14.49 billion.

UPS expects full-year earnings to be $5.05 to $5.30 per share.

UPS shares have decreased 14 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped 8 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on UPS at http://www.zacks.com/ap/UPS

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