(Source: Datamonitor)
United Parcel Service has reported a net income of $549 million or $0.55 per diluted share in the third quarter of 2009, down 43.4%, compared to $970 million or $0.96 per diluted share in the third quarter of 2008.
The company's total revenue for the third quarter of 2009 decreased 14.9% to $11.15 billion, compared to $13.11 billion in the same quarter of 2008.
For the nine months ended September 30, 2009, United Parcel Service (UPS) has reported a net income of $1.39 billion or $1.39 per diluted share, compared to $2.75 billion or $2.67 per diluted share in the same period of 2009.
Total revenue for the first nine months of 2009 was $32.92 billion, a decrease of 15.1%, compared to $38.8 billion in the first nine months of 2008.
Scott Davis, chairman and CEO of UPS, said: "I am encouraged by the signs of economic recovery that are becoming apparent, although we still have a long way to go. Ongoing strategic investment has positioned UPS to capitalize on growth opportunities around the world. We are managing operations well, while controlling costs and maintaining excellent service."
A service of YellowBrix, Inc.
