ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Thursday reported fourth-quarter earnings of $1.72 billion.
The Atlanta-based company said it had profit of $2.01 per share. Earnings, adjusted for non-recurring costs, were $2.75 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.52 per share.
The package delivery service posted revenue of $25.3 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $25.33 billion.
UPS expects full-year revenue of $89 billion.
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