UPS announced Q3 earnings of $1.16 per share, modestly beating expectations of $1.15.
The company reported Q3 revenue of $13.52 billion, this modestly missed expectations for $13.59 billion.
Revenue was boosted by U.S. e-commerce shipments and strong European export growth.
UPS delivered over 1 billion packages in the third quarter, up 4.6% year-over-year.
The company reported that many retailers expected caution about holiday spending, but expect "robust online sales."
Kuehn reiterated his full-year guidance of adjusted diluted earnings per share of $4.65 - $4.85.
UPS is widely considered a reliable indicator of economic activity.
Read more: http://www.businessinsider.com/ups-q3-2013-earnings-2013-10#ixzz2ijdkISAL
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