ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported fourth-quarter net income of $1.79 billion.
On a per-share basis, the Atlanta-based company said it had profit of $2.10. Earnings, adjusted for non-recurring costs, were $2.38 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.22 per share.
The package delivery service posted revenue of $24.48 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $24.01 billion.
UPS expects full-year revenue of $89.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS
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