Shares of United Parcel Service Inc. UPS dropped toward a one-month low Tuesday, after the package delivery giant matched profit expectations but fell short on revenue, as decelerating retail sales in the U.S. led to lower-than-anticipated volume.
Net income fell to $1.90 billion, or $2.19 a share, from $2.66 billion, or $3.03 a share, in the same period a year ago. Excluding nonrecurring items, adjusted earnings per share of $2.20 was the same as the FactSet consensus.
Revenue…
