UPS 2Q Profit Climbs on Revenue Growth, Cost Cuts

United Parcel Service reported a higher quarterly net profit on Friday as revenue grew across all its business units and the company benefited from cost-cutting measures.

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The Atlanta-based company posted second-quarter net income of $1.27 billion, or $1.43 per share, up more than 3 percent from $1.23 billion, or $1.35 per share, a year earlier.

Analysts had, on average, expected earnings per share for the quarter of $1.43.

(Reporting by Nick Carey; Editing by Bernadette Baum)