Revenue at parcel delivery firm UPS for Q3 was $15,978m, up 7% from $14,928m a year ago, with operating profit at $2,035m, down from $2,034m. The firm said currency-neutral operating profit was $2,097m.
Diluted earnings per share fell to $1.45 from $1.44. The results were in line with analysts' expectations. Shares in UPS (United Parcel Service) were down 0.6% to $117.87 in premarket trading.
The company's earnings report also follows a torturous hurricane season that disrupted the shipping industry in multiple US states. Due to Hurricane Maria, for the bulk of this month UPS cut ground shipping rates for parcels going from the US to Puerto Rico and other places by 35%.
Costs of doing business
Revenue excluding currency costs from the company's international business grew at a 12%, faster than its domestic growth of 3.9%. UPS gets about 60% of revenue from its domestic operations.