UPS is standing by its 2011 stockholder guidance after posting a 5.1% rise in its third-quarter net income to $1 billion on an 8% improvement in revenue to $13.2 billion, although increased costs restricted operating income growth to just 0.2%. “UPS produced another solid quarter of earnings growth against the backdrop of a deceleration in exports from Asia and a challenging global economic environment,” says Chairman and CEO Scott Davis. “The resilience of our global model was evident ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "UPS Stands By 2011 Guidance After 3Q Net Profits Rise".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.