United Parcel Service Inc.
(NYSE:UPS) stock turned lower on Tuesday after initially rising in premarket trading despite reporting second-quarter 2026 results that topped Wall Street estimates and raising its full-year guidance.
Adjusted diluted EPS of $1.76 topped the $1.66 estimate, while consolidated revenue rose approximately 7.6% year over year to $22.8 billion, beating the $21.81 billion estimate.
Carol Tomé, UPS chief executive officer, credited employees for completing the company's planned 18-month reduction in Amazon-related volume and the associated network overhaul.
"I want to thank all UPSers for their extraordinary work over the past 18 months as we successfully completed our Amazon glide down and related network reconfiguration initiatives as designed," Tomé said.
