UPS Reports 2Q EPS Of $1.58 As Revenue Grows Across All Segments
For the total company in 2Q 2017: ◦Revenue increased 7.7%, currency-neutral revenue* jumped 8.9%. ◦Revenue increased in all segments and major product categories, as expanded customer demand spread across the company’s broad product portfolio. ◦Operating profit was up 8.7% to $2.2 billion driven by strong performance in the U.S. Domestic and Supply Chain and Freight segments. ◦The favorable year-over-year 2Q EPS comparison includes benefits of about $0.10, primarily from fuel and workers’ compensation. ◦Year-to-date capital expenditures to support investment strategies were $2.0 billion. Click Read More below for additional details.