(Reuters) – United Parcel Service Inc on Tuesday reported a rise in third-quarter adjusted profit as higher delivery prices offset softening e-commerce demand.
The world’s largest parcel delivery firm’s adjusted third-quarter profit rose to $2.99 per share, from $2.71 per share, a year earlier.
The company reaffirmed its full-year revenue forecast of about $102 billion and adjusted operating margin of around 13.7%.
(Reporting by Shivansh Tiwary in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Vinay Dwivedi)
