Overview

• UPS posted Q2 revenue of $21.2 billion, down 3% year-over-year; this performance topped analyst estimates of $20.87 billion.
• Adjusted EPS of $1.55 missed forecasts of $1.57, contributing to a nearly 9% drop in share price.
• Average daily US volumes fell 7.3%; China-US trade lane shipments plunged 34.8% following new tariff policies.
• The company reaffirmed its plan to cut $3.5 billion in base expenses by closing facilities and downsizing staff.
• UPS confirmed approximately $3.5 billion in capital expenditures, $5.5 billion in dividend payouts and $1 billion in completed share buybacks; it also declined to issue full-year guidance.