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UPS shares rise to record after high profits and earnings when demand for housing grew



Shares of United Parcel Service Inc.
+ 3.39%
Increased 10.6% to record highs in the market sold on Thursday, after the package delivery giant reported second-quarter earnings for revenue, which was much higher than expected, amid rising demand for housing and medical services caused by the COVID-19 pandemic. Net income increased to $ 1.77 billion, or $ 2.03 per share, from $ 1.69 billion, or $ 1.94 per share, in the previous period. Excluding recurring positions, adjusted earnings per share were $ 2.1

3. US, which almost doubled the FactSet consensus to $ 1.07. Revenue increased 13.4% to $ 20.46 billion, beating the FactSet consensus of $ 17.50 billion as domestic revenue increased 17.3% to $ 13.07 billion, peaking at $ 11.15 billion. billion dollars. In the United States, the average daily volume increased by 22.8%, while the demand for housing delivery increased, with business sending from consumers to 65.2%. The stock gained 5.7% a year to Wednesday, while the Dow Jones Industrial Average DJIA,
+ 0.60%
slipped 7.0%.


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