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UPS Q4 Earnings: Surge In Operating Expenses Was Expected
2015-02-04 23:58:11| Air Courier - Topix.net
United Parcel Service released its fourth quarter results on February 3, reporting earnings in line with its announcement of $1.25 per share made on January 23. GAAP earnings per share suffered from mark-to-market pension adjustments, to reach $0.49, compared to $1.25 in 2013. UPS' poor performance comes as a result of higher than expected operating expenses incurred in order to cater to the growing volumes of e-commerce packages.
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Category:Transportation and Logistics