UPDATE: UPS reports 26% Surge In Q2 Profit

United Parcel Service Inc UPS reported a 26% rise in its second-quarter profit. UPS reported its quarterly profit at $1.06 billion, or $1.07 per share, up from $845 million, or $0.84 per share, in the year-ago period. Its total revenue climbed 8.1% to $13.2 billion. Excluding items, UPS earned $1.05 per share. Analysts were estimating earnings of $1.04 per share on revenue of $13.1 billion. UPS kept its profit outlook for the year in the range of $4.15 to $4.40 per share, versus analysts' estimates of $ $4.34 per share for the year. UPS shares dropped 0.11% to $73.97 in pre-market trading.