Ground sorting facility in Louisville, Kentucky, U.S., on Monday, April 13, 2020.jumped by about 4% in premarket trading Tuesday after the company reported better-than-expected revenue and profits over the busy holiday shopping season, reflecting a boom in online shopping due to the Covid-19 pandemic.
Here's how UPS did during the fourth quarter ended Dec. 31 compared with what investors expected, based on estimates compiled by Refinitiv:Revenue: $24.9 billion vs. $22.87 billion expected."Our financial performance in the fourth quarter exceeded our expectations, and I thank all UPSers for their extraordinary efforts to deliver industry-leading service through the holidays." CEO Carol Tomé said in the earnings statement.
Source: News Formal (newsformal.com)
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