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UPS beats profit view on high-margin deliveries, cost controls

Jan 31 (Reuters) - United Parcel Service Inc (UPS) on Tuesday beat expectations for quarterly adjusted profit, as it prioritized shipments of high-margin parcels and kept a tight lid on costs amid a softening e-commerce environment.

The world's largest parcel delivery firm reported an adjusted profit of $3.62 per share for the fourth quarter, beating Wall Street's expectations of a profit of $3.59 per share. (Reporting by Lisa Baertlein in Los Angeles And Shivansh Tiwary in Bengaluru; Editing by Shinjini Ganguli)

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