The world's largest package delivery company is also narrowing its earnings forecast for the full year.
UPS says it earned $469 million, or 48 cents per share, in the most recent quarter, compared with $1.07 billion, or $1.09 per share, a year earlier. Without the huge charge, it earned $1.03 billion, or $1.06 per share. Revenue fell less than 1 percent to $13.07 billion.
FactSet says analysts expected a profit of $1.06 per share on revenue of $13.32 billion.
United Parcel Service Inc. says improving international operating profit countered declines in the U.S. package and freight segments.
(Copyright 2012 by The Associated Press. All Rights Reserved.)