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ATLANTA (AP) — ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported fourth-quarter net income of $1.61 billion.
On a per-share basis, the Atlanta-based company said it had profit of $1.87. Earnings, adjusted for non-recurring costs and asset impairment costs, came to $2.47 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.
The package delivery service posted revenue of $24.92 billion in the period, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $25.31 billion.
UPS expects full-year revenue in the range of $92 billion to $94.5 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