UPS (NYSE: UPS) delivered a pleasing quarter to its investors on Tuesday.
For the fourth quarter of 2020, the logistics giant posted revenue of $24.9 billion, which was a hearty 21% increase over the same period one year ago. Consolidated average daily volume rose as well, advancing by almost 11%. On a non-GAAP (adjusted) basis, UPS’ net profit was $2.3 billion ($2.66 per share) for a 26% improvement.
Both headline numbers were well above prognosticator projections. On average, analysts following the stock had estimated $22.9 billion in revenue and a per-share adjusted net profit of $2.14.