The package delivery company posted earnings of $1.44 per share, which matched analysts' expectations. UPS reported $14.9 billion in revenue, topping expectations of $14.7 billion.
"In the beginning [of the year], we had some pretty lofty growth goals, forecasts around GDP and even what was going to be happening not only in the U.S but around the world," UPS CFO Richard Peretz said during Thursday morning's "Squawk on the Street" on CNBC.
The global numbers have since decreased, along with the forecast of GDP in the U.S., Peretz noted.
"It's something you've seen quarter-over-quarter, it continues to slide down. So we know externally we are seeing that in some of the demand side but fortunately the consumer is making up for that," he added.
He explained that various segments of the company's business are facing challenges, namely because of the "softness" in the supply chain and freight area, however, UPS has been able to offset those by targeting a smaller customer who is just using the service for the first time.
"We're managing through it and that's why we feel very comfortable that not only will we have a good fourth-quarter, but we'll have another great peak season," Peretz said.
UPS is expecting to ship 700 million packages between Thanksgiving Day and the end of the year.
Shares of UPS were lower in mid-morning trading on Thursday.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of A.
UPS' strengths such as its growth in earnings per share, revenue growth, good cash flow from operations, increase in stock price during the past year and notable return on equity outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: UPS
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.