UPS reported second-quarter earnings season net profit of $1.06 billion

On July 26, be UPS released 2011 second quarter earnings. Quarter net profit for 1.06 billion us dollars, up 26%, or $1.07 eps. Net profit of $845 million last year, and earnings per share and 84 cents.

Total revenues for the quarter UPS 13.19 billion us dollars, up 8.1%. One-time project, after the deduction for the current earnings per share for $1.05.

According to a survey of analysts, FactSet after an average forecast earnings per share $1.12 for UPS, revenue for 13.26 billion dollars.

UPS predicts that the whole year adjusted earnings per share between 4.15 to 4.40 us dollars, analysts now forecast for $4.34.

UPS chief financial officer Kurt Kuehn, said that despite the economic weakness, UPS the second quarter of this year earnings per share above the historical any year, this performance by the American domestic business, international market delivery amount of growth and freight and supply chain department performance record.

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