UPS misses analyst estimates in fourth quarter

© Mark Milstein

Currency “headwinds” and a pension change caused UPS to miss its analyst estimates for the year  – and it also downgraded expectations for 2017. While revenue in the fourth quarter increased $64m  to $10.9bn, a 6.3% increase over Q4 15, it made an operating loss of $570m, balmed on a mark to market pension change; but adjusted, operating profit was $1.3bn. It made a full year profit of $3.4bn on an operating profit of $30bn. Despite the results, UPS said it had a strong fourth quarter, but its CFO noted: “However, bottom-line results were challenged by a shift in product mix and the continued softness in industrial production.”