UPS Reports Better Revenue, Lower Profit Than Expected
1. UPS reported better Q2 revenue but missed profit expectations. 2. The company did not provide a full-year outlook due to economic uncertainty. 3. UPS plans $3.5 billion capital expenditures and $5.5 billion in dividends this year. 4. Shares dropped about 3% after earnings report, down 20% year-to-date. 5. UBS analysts have lowered UPS's price target from $128 to $124.