UPS stock soars toward best gain in a decade after profit beat, outlook held firm

Discussion in 'The Latest UPS Headlines' started by cheryl, Jul 24, 2019.

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  1. cheryl

    cheryl I started this. Staff Member

    UPS stock soars toward best gain in a decade after profit beat, outlook held firm - CNBC

    Shares of United Parcel Service Inc. rocketed toward their best one-day gain in a decade after the package delivery giant reported profit and revenue rose above expectations, as the company’s next-day air service took business from its rivals’ two-day offerings.

    The fact that UPS affirmed its full-year earnings outlook helped assuage fears that continued trade uncertainty and a slowing global economy in the face of increased costs, and the threat of increasing competition, would drag on future results. Read more about UPS’s comments on trade uncertainty.