UPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, said profits and revenue surged in its most recent quarter
ByThe Associated Press
October 28, 2020, 11:18 AM
• 1 min read
ATLANTA -- UPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, said profits and revenue surged in its most recent quarter.
With so many people getting what they need delivered to the front door, the consolidated average daily volume at UPS jumped 13.5%
Profit jumped 12% to $1.96 billion in the third quarter, or $2.24 per share. Per-share earnings with unusual items removed were $2.28, which is 42 cents more than Wall Street had expected.
Its revenue of $21.24 billion also easily topped analyst projections.
Shares are up almost 1% before the opening bell Wednesday.
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A portion of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UPS at https://www.zacks.com/ap/UPS
