ATLANTA (AP) — A monster holiday season with more Americans shipping gifts fueled UPS profits during the fourth quarter.
Operating profit grew 6.3 percent, the company said Thursday, pushing net income up to million, or 52 cents per share. Earnings, adjusted for non-recurring costs, were .94 per share, or 3 cents better than expected, according to a survey by Zacks Investment Research.
Revenue was .85 billion, a little short of projections.
UPS Inc. expects full-year earnings in the range of .45 to .75 per share.
Portions of this story were 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