Shares In UPS Fall Despite Strong Profit Gain

UPS has seen a boon in business in the era of internet shopping, delivering products to people and businesses and pulling in high profits. This financial quarter, Q3, UPS saw a 20 percent increase in profits. This, coupled with recent tax cuts, has benefitted the corporation, with tax expenses falling to $381 million. But they also saw some major sell offs of shares in the market despite their profits. UPS saw a 3 percent drop in shares this quarter, with the ongoing trade tensions with China being a major factor. International trade had been somewhat disappointing for the package company, and they saw this drop of shares as a direct result. The company is seen as a market leaders in the package and shipment industry, so this could mean more problems for international business for others like it.