- You are here:Home
- Latest News and Information from Transglobal Express
UPS shares rise along with profits
UPS has seen strong profit growth in 2Q15, increasing 171% to $1.23 billion. As a result, earnings per share have also risen, to $1.35 per share. This is despite revenue falling due to unfavourable currency exchange rates.
Revenue fell 1.20% (year-over-year) to $14.1 billion. However, the total number of UPS shipments rose to 1.1 billion, with growth of a little over 2%.
This growth was due mainly to international export shipments and US deferred air products, according to Market Realist. While citing weakness in the domestic markets, UPS looks to its promising international business for continued growth.
(Source: Market Realist)