UPS Reports 4Q Loss

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

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.

——



Add Comment

all comments

  Other news

more
California judge rules against Trump’s ban on sanctuary cities

California judge rules against Trump’s ban on sanctuary cities..

21-Jul, 19:12

A federal judge in San Francisco, California has refused to reinstate...

China holds Canadians 'for smoking marijuana'

China holds Canadians 'for smoking marijuana'..

21-Jul, 16:52

Chinese authorities have arrested two Canadians in the capital Beijing...

Rise of Comic-Con

Rise of Comic-Con..

21-Jul, 21:00

San Diego's Comic-Con International, happening this weekend, is an annual...

Britain's Got Talent winner Ashleigh Butler 'REPLACES' Pudsey with an almost identical dog bearing the same name just hours after paying tribute to dead pooch

Britain's Got Talent winner Ashleigh Butler 'REPLACES' Pudsey with an almost identical dog..

21-Jul, 22:11

Earlier today former Britain's Got Talent winner Ashleigh Butler...

Girl Scout threatened after confronting a neo-Nazi group, police get involved

Girl Scout threatened after confronting a neo-Nazi group, police get involved..

07-May, 14:32

The Czech Interior Ministry says that police are taking steps to ensure...

Trump lambastes Snoop Dogg over music video: 'Jail time!'

Trump lambastes Snoop Dogg over music video: 'Jail time!'..

15-Mar, 14:52

Days after Snoop Dogg's new music video "Lavender" was released,...

Trump sons' expansion of mid-market hotel chain ‘has nothing to do with politics’

Trump sons' expansion of mid-market hotel chain ‘has nothing to do with politics’..

06-Jun, 07:54

The Trump Organization has announced plans to expand its signature hotel...

Who We Know Will Be at the Oscars 2017

Who We Know Will Be at the Oscars 2017..

08-Feb, 07:20

Halle Berry, Kate McKinnon and Samuel L. Jackson will be presenting at...