UPS second-quarter profit drops 20.9%
UPS reported a 20.9% drop in second-quarter net income to $873 million from $1.13 billion last year. Revenue rose 6.7% to $13 billion but expenses lifted 10.8% to $11.55 billion, producing an operating profit of $1.45 billion, down 17.6% from $1.77 billion in the same period last year. Total...
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