UPS beats profit estimates as it rides e-commerce boom
(Reuters) -United Parcel Service Inc on Tuesday reported better-than-expected quarterly earnings as the parcel delivery company raised prices to cash in on a boom in the e-commerce industry.
Source: www.reuters.com
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(Reuters) - United Parcel Service Inc 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.
Reporting by Kannaki Deka in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Shounak Dasgupta
