This year will be an even better one for UPS - KTVZ
UPS just completed a record year. The current one will be even better.
The delivery company earned $3.2 billion in the fourth quarter, excluding special items, up 36% from a year prior and topping the forecast of analysts surveyed by Refinitiv by about $500 million.
UPS and rivals FedEx and the US Postal Service have all experienced a surge in package volume since the start of the pandemic, as consumers accelerated the trend of buying more items online rather than traveling to stores.
The fourth-quarter results capped a year in which UPS’ annual earnings reached $10.7 billion, excluding special items, up nearly 50% from the strong results it reported in 2020. Revenue for the year reached $97.3 billion, up 13%.
UPS just completed a record year. The current one will be even better.
The delivery company earned $3.2 billion in the fourth quarter, excluding special items, up 36% from a year prior and topping the forecast of analysts surveyed by Refinitiv by about $500 million.
UPS and rivals FedEx and the US Postal Service have all experienced a surge in package volume since the start of the pandemic, as consumers accelerated the trend of buying more items online rather than traveling to stores.
The fourth-quarter results capped a year in which UPS’ annual earnings reached $10.7 billion, excluding special items, up nearly 50% from the strong results it reported in 2020. Revenue for the year reached $97.3 billion, up 13%.