Jim Cramer Blog

UPS Inc., the world's largest shipping carrier, reported Tuesday a 4.1 percent rise in second-quarter earnings on a modest increase in sales. The results narrowly beat Wall Street expectations.

Executives said they were mostly pleased with the results, considering a slowdown in the U.S. small package delivery market.
"The first half of 2007 has been challenging to our small package business," Chief Financial Officer Scott Davis said during a conference call with analysts and investors. He said the U.S. market should improve toward the end of the year.
Growth in UPS' international business has helped the company's overall results.
"Simply put, our global opportunities are compelling," Chief Executive Mike Eskew said.
For the three months ending June 30, the Atlanta-based company said it earned $1.10 billion, or $1.04 a share, compared to a profit of $1.06 billion, or 97 cents a share, for the same period a year ago.

Labels: UPS, UPS Inc.