Frantic holiday shipping fuels UPS 4Q

Frantic holiday shipping fuels UPS 4Q
FILE- In this Dec. 19, 2018, file photo packages await delivery inside of a UPS truck in Baltimore. United Parcel Service Inc. reports financial results Thursday, Jan. 31, 2019. (AP Photo/Patrick Semansky, File)

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.


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