UPS reports lower third-quarter profit on slowing global trade


United Parcel Service Inc reported lower quarterly profit on Tuesday, citing slowing global trade.

The world's largest package delivery company said earnings declined to $469 million or 48 cents share, in the third quarter, from $1.07 billion, or $1.09 a share, a year earlier.

Continue Reading Below

Adjusted earnings were $1.06 per share compared with $1.09 a year ago.

Revenue totaled $13.07 billion, down from $13.17 billion a year ago. Analysts expected $13.3 billion, on average, according to Thomson Reuters I/B/E/S.

(Reporting by Lynn Adler; Editing by Jeffrey Benkoe)