UPS lifts full-year outlook as revenue grows across all segments

UPS reported higher third-quarter revenue across its domestic, international and supply chain businesses. The logistics group also raised its financial guidance for the fourth quarter and full year.

Consolidated revenue increased by 6.7% to US$22.9 billion. Operating profit reached US$1.7 billion, while adjusted operating profit was US$2.1 billion.

UPS reported diluted earnings of US$1.37 per share. Adjusted diluted earnings stood at US$1.69 per share.

The reported results included a net charge of US$279 million. This comprised transformation costs and a goodwill impairment charge in Supply Chain Solutions, partly offset by a gain from the sale of MD-11 assets.

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