UPS says 2Q profit smaller than analysts expected

ATLANTA • UPS says its second-quarter earnings will be hurt as customers use cheaper options. The package delivery and logistics company also says it’s seeing a slowdown in the U.S. industrial economy. United Parcel Service Co. says its second quarter earnings per share will be $1.13. Analysts surveyed by FactSet had been expecting $1.20 per share. UPS stock is down $4.60, or 5 percent, to $86.85 in premarket trading. It says it expects the same trends to continue, and it’s adapting to meet thos...

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