UPS Stock Is Moving Higher After Hours: Here's Why

Benzinga

United Parcel Service shares rose Thursday in after-hours trading after FedEx posted better-than-expected earnings, according to Benzinga. FedEx and UPS are global leaders in parcel delivery and direct competitors. Strong FedEx results have lifted UPS shares ahead of its upcoming October 23rd earnings report, where analysts expect modest profit and revenue. In the previous quarter, UPS shares declined after the company withheld full-year guidance due to economic uncertainty. UPS shares rose in after-hours trading to $85.05 on Thursday, according to Benzinga Pro.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02United Parcel Service shares rose Thursday in after-hours trading after FedEx posted

00:06better-than-expected earnings, according to Benzinga. FedEx and UPS are global leaders

00:10in parcel delivery and direct competitors. Strong FedEx results have lifted UPS shares

00:14ahead of its upcoming October 23rd earnings report. Now it's to expect modest profit and

00:18revenue. In the previous quarter, UPS shares declined after the company withheld full-year

00:23guidance due to economic uncertainty. UPS shares rose in after-hours trading to $85.05

00:28on Thursday, according to Benzinga Pro. For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended