Sandy Springs-based UPS beat analyst expectations for fourth quarter earnings, citing better than expected holiday season shipping.
The company posted revenue of $12.4 billion for the quarter, a decrease of 2.5 percent, but profits of $757 million, an increase of nearly 200 percent. The company implemented cost cutting measures and stemmed capital expenditures last year to increase profits. Earnings for the quarter were 75 cents per share. Analysts had expected 72 cents per share.