United Parcel Service Inc. (UPS) announced revenue growth across all segments, with a consolidated Q2 revenue of $15.8 bn and an operating profit of $2.2bn.
The company reported earnings per share (EPS) of $1.58 for the second quarter of 2017, an increase of 11% versus the same period in 2016, surpassing the analyst estimate of $1.45 per sharea 7.9% earnings beat.
Favorable demand conditions have translated into another quarter of robust growth in e-commerce shipments, particularly business-to-consumer (B2C) sales. Total operating expenses in the quarter jumped 7.5% as shipping has generally become more expensive, in part because of the added costs of delivering e-commerce orders to homes.
David Abney, chairman and CEO, UPS, said: UPS generated great year-over-year revenue gains in the second quarter and we produced solid earnings per share growth, consistent with our plans. We continue to invest in our network to expand our capabilities, our market presence and our global reach.
UPS has witnessed steady revenue growth across all major segments in Q2, driven by improved demand and pricing conditions.
