Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars
Portfolio Pulse from Akanksha Bakshi
UPS reported better-than-expected Q3 results, breaking a 10-quarter revenue-miss streak. The company saw a 5.6% revenue growth to $22.2 billion and a 12.1% increase in adjusted EPS to $1.76. UPS shares rose 8.43% premarket.
October 24, 2024 | 12:25 pm
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UPS reported strong Q3 results, breaking a 10-quarter revenue-miss streak. Revenue grew 5.6% to $22.2 billion, and adjusted EPS increased by 12.1% to $1.76, both beating expectations. The stock rose 8.43% premarket.
UPS's better-than-expected Q3 results, including a significant revenue and EPS beat, have positively impacted investor sentiment, leading to an 8.43% premarket stock price increase. The breaking of a 10-quarter revenue-miss streak is a strong positive signal.
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IMPORTANCE 90
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