UPS revenue increased slightly
The world's largest package delivery company UPS yesterday released its second quarter earnings. According to reported figures show that the company's earnings per share level (excluding general projects) reached $ 1.15, a year earlier the figure was $ 1.05. Company posted revenue of $ 13.35 billion, compared with $ 13.19 billion a year earlier.
And Wall Street analysts had expected compared to the UPS, profits have risen, but less than expected. According to related statistics, some Wall Street analysts had expected UPS's earnings per share (excluding general items) or $ 1.17, revenue will reach $ 13.78 billion. At the same time, UPS also pointed out that in the United States, China and the European market there is a certain amount of volatility. At UPS announced earnings data, the company's share price on the day of a decline in premarket trading session.
Meanwhile, the reporter noted that due to the European Commission for the acquisition of TNT UPS regarding anti-monopoly investigation, although the two companies are eager to get formal approval from the European Union, but after the merger UPS in the Benelux region and Germany and the United Kingdom may occupy the market dominance position, mergers and acquisitions is expected to impact on the market for this "second phase" will make the acquisition delayed until the fourth quarter of this year.