The results topped analysts' forecasts, and the shares rose in midday trading. UPS is trying to reduce the cost of delivering to homes, which is more expensive than delivering to businesses because homes are farther apart. UPS said first-quarter profit equaled $1.55 per share, which was a penny better than the average forecast among 11 analysts surveyed by Zacks Investment Research. Revenue of $17.11 billion topped the Zacks analysts' average prediction of $16.44 billion. Shares of UPS rose $3.09, or 2.8 percent, to $111.75 in midday trading.

Source: ABC News April 26, 2018 12:10 UTC