Profit at UPS (UPS +0.4%) didn't quite keep up with revenue growth as the company continues to explore ways to keep costs down amid the e-commerce boom. UPS is looking to warehouse automation and driver mapping software as two efficiency measures.
Baird analyst Ben Hartford calls e-commerce costs the primary overhang on shares of UPS.
UPS increases prices on the high end of its 2% to 3% per package in Q1 in a bid to keep up with costs.
Previously: United Parcel Service beats by $0.03, beats on revenue (April 27)
Previously: More on UPS' Q1 (April 27)
Now read: UPS's Dividend Outlook Isn't So Rosy »