UPS stock active on second-quarter earnings win, increase in revenue per package

Updated 8:06AM EST

United Parcel Service (UBS) – Obtain a United Parcel Service Inc. report. It posted a second, better-than-expected profit on Tuesday, and it reiterated its earnings guidance, thanks in part to a big jump in domestic parcel yield prices.

The stock came under pressure in early trading, after the package delivery group said domestic volumes would continue to decline during the first half of the year, amid rising fuel and transportation costs, before improving to the six months ending in December.

UPS said earnings for the three months ending in June were flat at $3.25 per share, up 6.3% from the same period last year and solidly above street expectations of $3.15 per share. The company said group revenue rose 5.9% to $24.8 billion, again exceeding estimates of $24.6 billion.

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