UPS Reports Mixed Q2 Results Amid Economic Uncertainty

United Parcel Service delivered a mixed performance in its second-quarter earnings report. Revenue of $21.2 billion surpassed analyst expectations, though the 3% year-over-year decline and adjusted EPS of $1.55 fell short of projections. CEO Carol Tomé emphasized strategic progress despite what she called "the complexity of the landscape."

The shipping giant maintained its cautious stance, withholding full-year guidance for the second consecutive quarter due to macroeconomic uncertainty. Capital allocation plans remain aggressive—$3.5 billion in capex, $5.5 billion in dividends, and a completed $1 billion buyback program. Shares dipped 3% post-announcement, extending their year-to-date decline to approximately 20%.

UPS continues executing its cost-cutting initiative, including the elimination of 20,000 jobs this year. The company's January 2025 revenue target of $89 billion now appears increasingly aspirational as macroeconomic headwinds persist.