UPS Surpasses Q4 Earnings Estimates, Announces Dividend Hike

United Parcel Service, Inc. (UPS) fourth-quarter 2023 earnings per share of $2.47 beat the Zacks Consensus Estimate of$2.44 but declined 31.7% year over year. Revenues of $24.91 billion fell short of the Zacks Consensus Estimate of$25.30 billion and decreased 7.8% year over year.UPS generated $10.23 billion of net cash from operating activities in 2023. Capital expenditures were$5.15 billion. Free cash flow was $5.25 billion. The overall adjusted operating profit fell 27.1$2.78 billio ...