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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