UPS Adjusted Profit Rises on Higher Parcel Delivery Prices

Reuters2022-10-25

Oct 25 (Reuters) - United Parcel Service Inc on Tuesday reported a rise in third-quarter adjusted profit as higher delivery prices offset softening e-commerce demand.

The world's largest parcel delivery firm's adjusted third-quarter profit rose to $2.99 per share, from $2.71 per share, a year earlier.

The company reaffirmed its full-year revenue forecast of about $102 billion and adjusted operating margin of around 13.7%.

Shares of United Parcel Service Inc rose 0.53% in premarket trading.

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