UPS is confident it can overcome a slow economic recovery in the U.S. and Europe and is once again raising its outlook for the year, according to AP. The Atlanta-based company now expects adjusted earnings of $3.35 to $3.47 per share, compared with analysts' expectations of $3.27. UPS Inc., the world's largest shipping company, also said Thursday its second-quarter earnings jumped to $845 million, or 84 cents per share, compared with 445 million, or 44 cents per share a year ago. Revenue rose 13 percent to $12.2 billion. Thomson Reuters says analysts forecast 77 cents per share on $11.98 billion in revenue. UPS CEO Scott Davis says «UPS fired on all cylinders in the second quarter even in the face of a mixed global economic environment.»
