UPS reports rise in third-quarter profit on rebounding volumes, cost cuts

In this article UPS Follow your favorite stocks CREATE FREE ACCOUNT Two UPS trucks parked side by side delivering packages, Queens, New York. (Photo by: Lindsey Nicholson/UCG/Universal Images Group via Getty Images) Lindsey Nicholson | Universal Images Group | Getty Images United Parcel Service reported a rise in third-quarter profit on Thursday, as rebounding volumes ahead of the holiday season lifted revenue, while cost cuts helped offset the margin hit from consumers shifting to cheaper delivery options. The parcel delivery firm, seen as a bellwether for the global economy, reported adjusted profit per share of $1.

76, compared to last year's $1.57 per share. Shares were up nearly 4% in premarket trading.

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