UPS revenue up 7%, net profit up 66% in 1Q2011

UPS revenue up 7% - financial highlights for the three months ended 31-Mar-2011:

• Revenue: USD12,582 million, +7.3% year-on-year;
  • US domestic package: USD7543 million, +6.2%;
  • International package: USD2900 million, +9.9%;
  • Supply chain & freight: USD2139 million, +7.6%;
• Operating costs: USD11,156 million, +4.4%;
• Operating profit: USD1426 million, +36.9%;
  • US domestic: USD849 million, +51.1%;
  • International: USD446 million, +4.4%;
  • Supply chain & freight: USD131 million, +147.2%;
• Net profit: USD885 million, +66.0%. [more]

UPS: "The strategies are in place for UPS to achieve record results in 2011. Confidence in our ability to execute leads UPS to raise guidance for 2011 diluted earnings per share to a range of USD4.15-to-USD4.40, an increase of 17-to-24% over adjusted 2010 results," Kurt Kuehn, CFO. Source: UPS, 26-Apr-2011.