UPS in the second quarter net profit fell 4%

The United States United Parcel Service Corporation (UPS) recently released financial report, the second quarter net profit fell 4%, spending more than offset the revenue growth.
UPS chief financial officer Kurt Kuehn said, the second quarter results below our expectations, mainly due to the disappointing performance of the freight business. Expected the second half of this year adjusted earnings per share year-on-year growth of 4-13%.
The company's quarter net profit last year from $1120000000, or $1.15 per share, down to $1070000000, or $1.13 per share. And accepted Townsend Reuters survey of analysts on average expected.
Revenue growth of 1.2%, to $13510000000, below the average analyst forecast of $13590000000. Operating profit margin from the same period last year 13.4% drop to 12.9%, operating expenses increased by 1.8%.
The company of the United States of America package business revenue growth of 2.3%, operating profit fell by 0.2%, the average daily package delivery volume growth of 1.9%. International parcel business revenue growth of 1.6%, earnings fell 0.7%, 5.3% growth in average daily package delivery.
At the same time, supply chain and Logistics Department of the company's revenue fell 3.2%, earnings were down 21%.
MYEX min Asia International Express
2013-07-26