Friday, January 31, 2014

UPS Reports quarterly Net income of 1.167 billion, compared to a loss of 1.748 billion in the same quarter last year

UPS Reports quarterly Net income of 1.167 billion, compared to a loss of 1.748 billion in the same quarter last year.  UPS delivered 20 million packages per day during the fourth quarter. 


The company announced plans to repurchase $2.7 billion of UPS shares during 2014. Capital expenditures are anticipated to be approximately $2.5 billion. This includes accelerated deployments in operational technologies and over $500 million of increased investments in capacity expansion and hub modernization.  Checkout their financial statement at the bottom of the article on this link