DEARBORN, Mich. — Ford's net profit tumbled 86 percent in the second quarter due largely to restructuring costs in Europe and South America.

Net income for the April-June period dropped to $148 million, or 4 cents per share. Without the charges the company made 28 cents per share. Revenue was flat at $38.9 billion.

On average, analysts surveyed by FactSet expected earnings of 31 cents per share on revenue of $38.49 billion.

Chief Financial Officer Tim Stone says Ford already is seeing an impact from its global fitness measures that included a reduction of 7,000 white-collar workers.

Ford, which released numbers after the markets closed Wednesday, saw its stock fall 6.3 percent in after-hours trading to $9.68.

The company expects improvement in the second half of the year as more new big SUVs hit dealerships and more of the restructuring takes hold.

ATLANTA — The demand for next day delivery helped to fuel a profit jump of 13 percent at UPS during the second quarter.Both profits and revenues topped Wall Street expectations, sending shares up more than 8 percent Wednesday.UPS earned $1.69 billion, boosted by a 30 percent increase in next-day air shipments. The Atlanta company’s revenue rose 3 percent to $18.05 billion.Excluding certain charges, mostly for voluntary early retirements, it would have earned $1.96 per share. That was 3 cents better than analysts expected.Online retailers are promoting quick deliveries, putting more pressure on UPS and FedEx for next-day deliveries.UPS said it will begin making deliveries seven days a week next year, after FedEx said it would do the same. The company is also expanding pickup locations under new deals with pharmacy operator CVS, Michaels Stores and Advance Auto Parts.