United Parcel Service UPS reported a drop in its first-quarter profit.
The company's earnings declined to $911 million, or $0.98 per share, versus $1.04 billion, or $1.08 per share, in the year-ago period.
United Parcel Service's quarterly operating profit fell to $927 million.
Its revenue climbed 2.6% to $13.8 billion. However, analysts were estimating earnings of $1.08 per share on revenue of $13.91 billion.
United Parcel Service's average daily shipments in the US surged 4.2%.
United Parcel Service shares fell 1.01% to $98.00 in pre-market trading.
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