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(AP) —  Shipping giant UPS is optimistic about the economic recovery it is seeing in countries where it does business around the world.

The company made the comments as it formally reported Tuesday a nearly 33 percent rise in first-quarter profit to $533 million, or 53 cents a share, compared to a profit of $401 million, or 40 cents a share, a year earlier.

UPS, based in Atlanta, pre-released earnings results on April 14.

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