Markets

UPS leaps 11% after soaring delivery demand fuels earnings beat

UPS beat estimates for second-quarter revenue and profits on Thursday as the coronavirus pandemic boosted domestic deliveries. Demand in Asia and strong healthcare shipping activity also fuelled the earnings win, CEO Carol Tomé said. The company refrained from providing forward guidance, citing ongoing uncertainties surrounding the pandemic. Shares rallied as […]
UPS leaps 11% after soaring delivery demand fuels earnings beat
Markets

UPS keeps sliding after Amazon’s entry into the shipping business

Shares of UPS were down Monday morning following Amazon’s announcement last week that it would launch its own shipping service. UPS and FedEx fell on the news Friday, and UPS’ stock was down on Monday as well. Amazon has made several moves in the past to develop its own shipping […]
UPS keeps sliding after Amazon’s entry into the shipping business