UPS increases 2010 guidance on solid increase in volumes

UPS reported (14-Apr-2010) a 7% year-on-year increase in consolidated revenue for the three months ended 31-Mar-2010 on the back of an 18% increase in International Package volume and a 14% increase in Supply Chain and Freight. The carrier also raised its guidance, expecting its full year adjusted diluted earnings to increase from the USD2.70 to USD3.05 per share forecast provided in Feb-2010 to USD3.05 to USD3.30 per share. UPS is scheduled to release its 1Q2010 results on 27-Apr-2010. [more]