United Parcel Service (NYSE: UPS) stock surged more than 10% in the pre-market trading session on upbeat second quarter 2020 results. Adjusted EPS of $2.13 and revenue of $20.5 billion increased 9% and 13% respectively and surpassed the market’s estimates.
UPS stock, which hit a 52-week high ($125.31) last November, will establish a fresh high in today’s regular trading session.
“Our results were better than we expected, driven in part by the changes in demand that emerged from the pandemic, including a surge in residential volume, COVID-19 related healthcare shipments and strong outbound demand from Asia,” said CEO Carol Tome.
Starbucks (NASDAQ: SBUX) reported fourth-quarter 2020 financial results after the closing bell on Thursday. The coffee chain reported an 8% decline in Q4 revenues to $6.20 billion, which was better
Facebook (NASDAQ: FB) reported third-quarter 2020 financial results after the closing bell on Thursday. The social media giant reported a 22% spike in Q3 revenue to $21.47 billion, which was
Amazon.com, Inc. (NASDAQ: AMZN) reported third quarter 2020 earnings results today. Net sales increased 37% year-over-year to $96.1 billion. Net income increased to $6.3 billion, or $12.37 per share, from