UPDATE: UBS Reports Downbeat Q2 Profit, Shares Down In Pre-Market

UBS AG UBS reported downbeat Q2 profit on Tuesday. UBS reported its quarterly attributable profit at 1.02 billion Swiss francs ($1.27 billion), or 0.26 euro per share, versus CHF2.01 billion, or 0.53 euro per share in the year-earlier period. Analysts were expecting a net profit of CHF1.38 billion. UBS shares dropped 2.58% to $16.98 in pre-market trading.