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UPS third-quarter profit rises, tops estimates

[CHICAGO] Package delivery company United Parcel Service Inc posted a higher quarterly profit on Tuesday despite a dip in revenue caused by the strong U.S. dollar and lower fuel surcharge revenue.

The Atlanta-based company reported third-quarter net profit of US$1.26 billion, or US$1.39 per share, up 4 percent from US$1.21 billion, or US$1.32 per share, a year earlier.

Analysts, on average, expected earnings per share of US$1.37.


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