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Stock Market News

UPS adjusted profit rises on e-commerce demand

04/26/2022

Less than a minute

2022.04.26 13:42

UPS adjusted profit rises on e-commerce demand
FILE PHOTO: A United Parcel Service (UPS) logo is seen on a car in center of Warsaw January 16, 2013. REUTERS/Kacper Pempel/File Photo

(Reuters) – United Parcel Service Inc (NYSE:UPS) reported a rise in quarterly adjusted profit on Tuesday as the parcel delivery company focused on more profitable customers amid an ongoing boom in e-commerce package shipments.

The company posted first-quarter adjusted earnings of $3.05 per share, compared with $2.77 per share a year earlier.

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04/26/2022

Less than a minute