NEW YORK (Reuters) - United Parcel Service , the world's largest package delivery service, reported sharply higher first-quarter earnings on Tuesday and confirmed its outlook for the year.
UPS (UPS.NY)posted profit of $533 million, or 53 cents per share, compared with $401 million, or 40 cents per share, a year earlier.
Revenue rose 7 percent to $11.7 billion, driven by an increase in international volume.
Atlanta-based UPS also confirmed its 2010 outlook, which it raised on April 14 to a range of $3.05 to $3.30 per share.
UPS shares were down 2.2 percent at $67 in trading before the market opened.
(Reporting by Helen Chernikoff; Editing by Lisa Von Ahn)
