ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported first-quarter profit of $1.11 billion.

On a per-share basis, the Atlanta-based company said it had profit of $1.30. Earnings, adjusted for non-recurring costs and asset impairment costs, were $1.43 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The package delivery service posted revenue of $21.71 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $21.96 billion.

UPS expects full-year revenue in the range of $92 billion to $94.5 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS

For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News