UPS reports record 1Q EPS
UPS (NYSE:UPS) today announced first-quarter 2016 diluted earnings per share of $1.27, a 13% increase over the same period last year.
The company achieved record first quarter results driven by both the U.S. Domestic and International small package segments. International operating profit increased 15% to $574 million. U.S. Domestic operating margin expanded on solid revenue growth and reduced per unit costs from productivity gains.