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 ...
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