UPS Delivers Profit, Revenue Beat on E-commerce Demand

UPS Delivers Profit, Revenue Beat on E-commerce Demand
A United Parcel Service logo is displayed on a delivery truck in San Francisco, Calif., on Oct. 24, 2014. Justin Sullivan/Getty Images
Reuters
Updated:

United Parcel Service Inc. reported better-than-expected quarterly earnings and revenue on Tuesday, bolstered by strong e-commerce demand that has allowed the delivery firm to raise shipping prices and cherry-pick more profitable customers.

The company also raised its full-year adjusted operating margin target to about 13 percent from about 12.7 percent, ahead of the holiday season.