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UPS stock slides after U.S. delivery volume declines

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Tournament employees work to squeegee the court after rain delays a match between Kim Clijsters and Sloane Stephens during the Truist Atlanta Open at Atlantic Station on July 26, 2021 in Atlanta, Georgia.

Casey Sykes | Getty Images

Shares of logistics company UPS fell sharply on Tuesday after the company’s second-quarter earnings report showed that deliveries in the United States were slowing.

The company reported $3.06 in adjusted earnings per share and $23.42 billion in revenue for the quarter. Analysts surveyed by Refinitiv were expecting $2.82 in earnings per share and $23.24 billion in revenue.

However, the headline beat was fueled by a big jump in the amount of revenue per package and…



Source cnbc.com

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