United Parcel Service delivered quarterly earnings that topped analysts' estimates on Tuesday, but revenue came in shy of expectations.
Shares of UPS moved higher in premarket trading following the announcement. (Get the latest quote here.)
UPS reported a higher quarterly net profit, which rose thanks to price increases and productivity improvements.
The world's largest package delivery company posted a first-quarter net profit of $1.03 billion or $1.12 per share, up 10 percent from $911 million or 98 cents per share a year earlier.
Revenue rose to $13.97 billion from $13.78 billion a year ago.
Wall Street expected the delivery giant to post profits of $1.09 per share on revenue of $14.27 billion, according to a Thomson Reuters consensus estimate.