UPS Profit Down 29% Year-Over-Year
Credit: UPS
United Parcel Service (UPS) reported a 2016 net profit of $3.4 billion, down 29.2% from net income of $4.8 billion in 2015, on a 4.4% year-over-year rise in revenue to $60.9 billion. UPS noted that it recorded a non-cash, after-tax pension charge of $1.7 billion in the 2016 fourth quarter, which...
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