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UPS raises annual profit, revenue forecasts as higher-paying shipments boost margin

By Reuters News

Oct 27 (Reuters) - United Parcel Service UPS.N raised its full-year profit and revenue forecast on Tuesday, as higher-margin international air shipments aided profits following its decision to cut millions of lower-margin deliveries for its largest customer, Amazon.com AMZN.O.

Atlanta-based UPS now expects 2026 adjusted of around $7.28 per share, compared with $7.22 it had forecast in July.

The company expects annual revenue of $92.6 billion, compared with its previous projection of $91.2 billion.

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