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Often seen as a bellwether of U.S. economic activity, UPS said
revenue increased to $15.315 billion in the first quarter from
$14.418 billion in the year-ago period.
Revenue at the company's domestic segment rose 5 percent to
$9.535 billion from $9.084 billion a year ago, with the company
saying e-commerce demand was strong.
Like other package delivery companies, UPS has benefited from a
rapid rise in e-commerce, but has struggled to bring down the
extra costs associated with making stops at individual
residences rather than at businesses.
The Atlanta-based company posted first-quarter net income of
$1.158 billion, or $1.32 per share, up 2.4 percent from $1.131
billion, or $1.27 per share, a year earlier.
Analysts, on average, expected earnings per share of $1.29.
(Reporting by Luciana Lopez in New York; Editing by Jeffrey
Benkoe)
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