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UPS Shares Rise to Record Values ​​After High Gains and Earnings As Domestic Demand Increases



Shares of United Parcel Service Inc. UPS
+ 3.39%
grew by 10.6% to record high volume of premarketing transactions On Thursday, after the giant of the package delivery reported a profit in the second quarter with yields that were significantly above expectations, amid a sharp increase in demand for housing and healthcare supplies, which appeared in pandemic COVID-19. Net income rose to $ 1.77 billion, or $ 2.03 a share, from $ 1.69 billion, or $ 1.94 a share, a year earlier. Excluding non-recurring items, adjusted earnings per share were $ 2.1

3, almost double the FactSet consensus of $ 1.07. Revenue increased 13.4% to $ 20.46 billion, beating the FactSet consensus by $ 17.50 billion as domestic package revenues increased 17.3% to $ 13.07 billion, with the highest expectations being 11. $ 15 billion. In the USA, the average daily volume increased by 22.8%, while the demand for household supplies increased, while business-to-consumer transport increased by 65.2%. Shares have risen 5.7% to date until Wednesday, while the DIA Jones Industrial Average DJIA
+ 0.60%
slipped by 7.0%.


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