UPS PACKAGE VOLUMES UP OVER 7% IN Q2

摘要

A 7.2% increase in average daily package volume drove strong second-quarter operational performance for UPS. Total revenue for the quarter was up 5.6% to $14.27 billion, but the company took a one-time charge of $665 million (related to post-retirement health-care benefits), which drove net income down 57.6% y-o-y to $454 million, and operating profit down 57.1 % to $747 million. Adjusted for the one-time charge, net income was up 4.5% to $1.12 billion and operating profit rose 4.1% to $1.81 billion, but neither this, nor the strong operational performance, reassured investors, and UPS' share price fell close to 3% following release of the second-quarter results.