United Parcel Service (NYSE: UPS) shares are ticking higher Tuesday following strong third-quarter results and outlook issued earlier.

Revs slipped modestly from $13.17 billion last year to $13.07 billion in the most recent quarter. Operating profit dropped 54 percent to $770 million, or 48 cents per share. After adjusting for a one-time pension restructuring, profit was nearly flat at $1.66 billion, or $1.06 per share.

Consensus estimates had revs of $13.3 billion and EPS at $1.06.

Shipment volume improved 2.7 percent to 15.5 million parcels per day (PPD).

Notably, while Domestic revs improved, international turnover fell $120 million. Despite lower revs, International operating profit recorded a $32 million pop in profits.

UPS narrowed expectations for the duration of FY12, moving EPS from a range of $4.50 to $4.70 to a new range of $4.55 to $4.65.

Earnings Guidance

UPS (UPS) Reports In-Line Q3 EPS; Narrows FY GuidanceOctober 23, 2012 7:46 AM