United Parcel Service matches 4Q profit expectations, tops revenue forecasts

StocksAssociated Press

ATLANTA (AP) — United Parcel Service Inc. (UPS) on Tuesday reported fourth-quarter profit of $453 million.

The Atlanta-based company said it had net income of 49 cents per share. Earnings, adjusted for non-recurring costs, were $1.25 per share.

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The results matched Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of $1.25 per share.

The package and delivery service posted revenue of $15.9 billion in the period, topping Street forecasts. Analysts expected $15.8 billion, according to Zacks.

UPS expects full-year earnings to be $5.05 to $5.30 per share.

UPS shares have declined roughly 10 percent since the beginning of the year, while the Standard & Poor's 500 index has declined nearly 2 percent. The stock has climbed 5 percent in the last 12 months.

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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 http://www.zacks.com/ap/UPS

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Keywords: United Parcel Service, Earnings Report, Priority Earnings