News / UPS 'bullish' results fail to impress markets fearing end to e-commerce boom

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UPS tabled gains across all segments in its second-quarter results, but financial markets were not impressed, sending the integrator’s shares down 8.7%.

The market reaction was in striking contrast with the mood of the UPS top brass, who were upbeat about the results and bullish on the outlook.

Results across all segments were better than anticipated, said CEO Carol Tomé, adding that the company was “winning in the fastest-growing parts of the market” and driving “sustainable revenue per piece growth”.

She reiterated the ...