UPS reports 4Q loss

MarketsAssociated Press

United Parcel Service Inc. is reporting a fourth-quarter loss of $239 million, after reporting a profit in the same period a year earlier.

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The Atlanta company said Tuesday that it had a loss of 27 cents per share. Earnings, adjusted for non-recurring costs, came to $1.63 per share.

The results missed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.

The package and delivery service posted revenue of $16.93 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $16.96 billion.

UPS expects full-year earnings in the range of $5.80 to $6.10 per share.

UPS shares have climbed 2 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 2 percent. The stock has increased 29 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 https://www.zacks.com/ap/UPS

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