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NEWS UPS Earnings Jump 23% 10/21/2005 UPS reported a 17.9% increase in revenue and an adjusted 22.9% increase in diluted earnings per share. For the three months ended Sept. 30, 2005, earnings per diluted share were $0.86 compared to the $0.78 reported in the prior year. Adjusting for a tax credit that positively impacted earnings in 2004's third quarter, diluted earnings per share rose 22.9%, up from $0.70 a year ago. Consolidated revenue for the period climbed to $10.55 billion, up from the $8.95 billion reported in the prior-year period. Consolidated operating profit jumped 19.1% to $1.5 billion, while net income totaled $953 million. Global average daily package volume increased by 4.7% -- or 644,000 additional packages per day -- to 14.3 million. In the U.S., a 4% gain in average daily volume exceeded economic growth rates. This volume gain was paced by a 6.1% increase in Next Day AirŪ packages. Average daily ground package volume rose 3.6%. Outside the United States, total average daily package volume rose 11.2% to 1.5 million a day, paced by double-digit gains in Europe and Asia. Highlights by segment for the third quarter included: U.S. domestic package revenue grew 6.9% during the period to $7.03 billion. All products experienced volume growth. Operating profit rose 18% to $1.11 billion. Pricing remained firm. International package revenue increased 14.5% to $1.92 billion. Operating profit climbed 19.5% to $318 million. Export volume grew 12.5%, led by Asia export volume gains of 26%. China again drove Asia with export volume rising 34%. Revenue for the supply chain and freight segment jumped 130% to $1.6 billion, reflecting the positive impacts of both the Menlo Worldwide Forwarding and Overnite acquisitions. Operating profit climbed 37.3% to $70 million.