UPS reported mixed fourth-quarter results, beating Wall Street's expectations on earnings but missing on revenue.
The company on Tuesday offered full-year guidance that fell below analyst's expectations. It is projecting revenue between $97 billion and $99.4 billion, versus analyst's estimates of $99.98 billion. In the fourth quarter, revenue for UPS's domestic segment, which makes up about two-thirds of the company's revenue and most of its business-to-consumer transactions, grew 3%. Revenue from international shipping decreased 8%, due to volume reductions and softening demand in China.
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