Thursday, January 18, 2018
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UPS 1Q profit up, but international business slows
UPS 1Q profit rises 6 percent, but once red-hot international business continues to slow
By The Associated Press

ATLANTA (AP) ' UPS says profit rose 6 percent in the first quarter as an improving domestic shipping business made up for a slowdown overseas.

UPS' net income rose to $970 million, or $1 per share, from $915 million, or 91 cents per share.

Revenue rose 4.4 percent to $13.14 billion.

The results were below analysts' estimates of net income of $1.02 per share and revenue of $13.3 billion. Shares fell 3 percent in premarket trading.

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