ATLANTA - UPS Inc., the world's largest shipping carrier, said Thursday that second-quarter profit plunged 49 percent to $445 million as sales slipped 16.7 percent amid the economic downturn.
The Atlanta-based company's profit for the April-June quarter was equivalent to 44 cents a share, compared to a year-ago profit of $873 million, or 85 cents a share.
Adjusted earnings were 49 cents a share.
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1 comment:
No No No
This can't be true. The economy is rebounding. Everything is coming back to normal. There is no need to worry. I have fully invested my life savings into the stock market again. That is the right thing to do, right?
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