UPS: 4Q Earnings Snapshot

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ATLANTA (AP) _ United Parcel Service Inc. (UPS) on Thursday reported fourth-quarter net income of $453 million.On a per-share basis, the Atlanta-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring costs, were $1.94 per share.The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.The package delivery service posted revenue of $19.85 billion in the period, which did not meet Street forecasts. Eight analysts surveyed by Zacks expected $19.92 billion.UPS expects full-year earnings in the range of $7.45 to $7.75 per share.UPS shares have risen almost 4 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen roughly 7 per cent. The stock has decreased 21 per cent in the last 12 months._____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/UPSThe Associated Press

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