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UPS Up 11%

Video Credit: Wochit News
Published on July 30, 2020 - Duration: 00:32s

UPS Up 11%

On Thursday, UPS beat estimates for second-quarter revenue and profits.

This is because the coronavirus pandemic has boosted domestic deliveries.

CEO Carol Tome said Demand in Asia and strong healthcare shipping activity also fueled the UPS earnings win.

The company refrained from providing forward guidance, citing ongoing uncertainties surrounding the pandemic.

Business Insider reports that UPS shares rallied as much as 11.4% in early trading.

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