News / UPS chief determined to stay positive, despite declining profits in Q1

A marginal upturn in revenue failed to compensate for what has been a difficult first quarter for UPS, ending  with a 17% drop in net income.

Despite this, the company had a positive tone during its investor call, turning to adjusted figures to find a glimmer of hope.

And one analyst noted that, while the results were “broadly mixed”, the company had weathered the competitive storm it had faced in recent years – although the future is more uncertain as tech giants ...