Reported about 11 hours ago
UPS shares have increased by 7% following the company's better-than-expected third-quarter earnings, with adjusted earnings of $1.74 per share on $21.42 billion in revenue. The shipping giant's aggressive cost-cutting measures, including cutting 50,000 jobs, have significantly boosted profits. UPS has outlined progress on its efficiency initiatives and provided optimistic guidance for future revenue, marking a successful turnaround amid economic challenges.
Source: YAHOO