Sunday, April 29, 2012

UPS 1Q profit up, but international business slows

FILE - This Jan. 30, 2012, file photo, shows a UPS logo at a UPS store in the Lake Balboa area of Los Angeles. United Parcel Service Inc., said Thursday, April 26, 2012, that net income rose to $970 million, or $1 per share, from $915 million, or 91 cents per share. Revenue rose 4.4 percent to $13.14 billion. (AP Photo/Damian Dovarganes, File)UPS said Thursday that its first-quarter profit rose 6 percent, but the result came in below Wall Street's expectations as Asian exports and other international shipments slowed.


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