Earnings roundup: UPS, Lockheed Martin

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ATLANTA (AP)--UPS Inc., the world's largest shipping carrier, said Tuesday its profit fell nearly 21 percent in the second quarter despite a 6.7 percent increase in sales. The company also lowered its outlook for the year amid a slumping U.S. economy.

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BETHESDA, Md. (AP)--Lockheed Martin Corp. said Tuesday that second-quarter earnings rose 13 percent as a drop in its fighter jet business was offset by higher sales in its space, electronic systems and information technology units.

ANN ARBOR, Mich. (AP)--Pizza delivery company Domino's Pizza Inc. on Tuesday said second-quarter profit soared as hefty recapitalization expenses weighed down year-ago results.

JACKSONVILLE, Fla. (AP)--Rayonier Inc., which owns real estate and timberland and makes wood and plant fiber products, said Tuesday its second-quarter profit rose 12 percent as strong sales of performance fibers helped offset higher costs.

ATLANTA (AP)--Regional bank SunTrust Banks Inc. said Tuesday its second-quarter earnings fell 21 percent due to a sharp increase in its loan-loss provision and a decline in net interest income.

MINNEAPOLIS (AP)--Pentair Inc., which makes systems used to treat and store water, posted a steep jump in second-quarter profit Tuesday due in part to a large gain, though adjusted earnings still beat Wall Street's expectations.