NEW YORK (TheStreet) -- United Parcel Service (UPS) - Get Report stock is down by 2.58% to $103.50 in pre-market trading on Tuesday, after the company reported its financial results for the third quarter of 2015.
The package delivery company posted earnings of $1.39 per share, up 5.3% from $1.32 per share for the year ago period.
Revenue declined by 0.4% year over year, to $14.24 from $14.29 for the 2014 third quarter. Currency headwinds and lower fuel surcharges weighed on revenue in the most recent quarter, according to a company statement.
UPS had been forecast by analysts surveyed by Thomson Reuters to report earnings of $1.37 per share on revenue of $14.43 billion.
"Third quarter results reflect strong progress on our long-term initiatives despite uneven economic conditions," CEO David Abney said. "We remain committed to these strategies to support customers and improved shareowner value."
Separately, TheStreet Ratings team rates UNITED PARCEL SERVICE INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
We rate UNITED PARCEL SERVICE INC (UPS) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, notable return on equity, good cash flow from operations and growth in earnings per share. We feel its strengths 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