UPS 3Q revenue drops nearly 15%

Share this content:

UPS on October 22 reported revenues of $11.2 billion for this year's third quarter, a year-over-year decline of 14.9% from last year's $13.1 billion.

The shipper also saw its average volume per day drop 3.9% from 14.9 million packages to 14.3 million. Operating profit during the third quarter dropped to $929 million from $1.63 billion last year, a decrease of 43%.

The numbers beat analysts' expectations, according to published reports.

Kurt Kuehn, UPS' CFO, said in a statement that the outlook for the rest of the year is unclear.

“Our customers have widely differing views on their outlook for the holiday season,” he said.

UPS reported in July that its second-quarter earnings fell 49%. The shipper's first-quarter revenues were $10.9 billion, 13.7% less than the same quarter of 2008.

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above