Business

UPS Q3 earnings beat estimates as revenue grows 9%

United Parcel Service Inc. on Tuesday reported third-quarter profit of $2.33 billion

ATLANTA — United Parcel Service Inc. on Tuesday reported third-quarter profit of $2.33 billion.

On a per-share basis, the Atlanta-based company said it had profit of $2.65. Earnings, adjusted for non-recurring costs, were $2.71 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.

The package delivery service posted revenue of $23.18 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $22.61 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS

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