UPS Profit Up From Tax Bill, Online Shopping

October 24, 2018 - Comment

(Reuters) – United Parcel Service Inc reported a 20 percent rise in quarterly profit on Wednesday, as its tax bill nearly halved and the company benefited from a boom in online shopping. Vehicles of United Parcel Service are seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France,

(Reuters) – United Parcel Service Inc reported a 20 percent rise in quarterly profit on Wednesday, as its tax bill nearly halved and the company benefited from a boom in online shopping. Vehicles of United Parcel Service are seen at the new package sorting and delivery UPS hub in Corbeil-Essonnes and Evry, southern Paris, France, June 26, 2018. Net income rose to $1.51 billion, or $1.73 per share, in the third quarter ended Sept. 30, as its tax expense fell to $381 million.

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