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UPS stock rallies after profit and revenue beats, as all business segments top forecasts

·1 min read
UPS stock rallies after profit and revenue beats, as all business segments top forecasts
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Shares of United Parcel Service Inc. rallied 1.7% toward a three-month high in premarket trading Tuesday, after the package delivery giant reported third-quarter profit and revenue that beat expectations, with all business segments topping forecasts. Net income was $2.33 billion, and earnings per share of $2.65 rose 18.3% from a year ago. Excluding nonrecurring items, adjusted EPS came to $2.71 to beat the FactSet consensus of $2.55. Revenue grew 9.2% to $23.2 billion, topping the FactSet consen