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UPS

UPS 2Q profit beats Street as overseas business improves

Overseas business helped UPS during its second quarter, as did the absence of a hefty charge recorded a year ago. The package-delivery company earned $1.23 billion, or $1.35 per share, for the three months ended June 30. A year earlier it earned $454 million, or 49 cents per share. Last year's quarter included a $665 million charge for the transfer of some post-retirement liabilities to defined-contribution health care plans. The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share. The Atlanta company's revenue slipped $14.1 billion from $14.27 billion, hindered by lower fuel...

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