UPS Q4 Earnings Dragged By Lower Volume, Additional Charges; Stock Tumbles

Key TakeawaysUnited Parcel Service's (UPS) fourth-quarter results were weighed down by lower shipping volumes and additional charges.Net income was more than halved to $1.61 billion.A$512 million charge shaved off 60 cents per share from earningsFourth quarter revenue declined 7.8% to $24.9 billionUnited Parcel Service's (UPS) fourth-quarter results were weighed down by lower shipping volumes and additional charges. The company's shares fell more than 6% in pre-market trading.Net income fell 54% compared t ...