(Bloomberg) — United Parcel Service Inc. surged toward a record as the courier blew past Wall Street’s expectations thanks to pandemic-era demand for e-commerce deliveries, health-care equipment and goods from Asia.Revenue jumped 13% to $20.5 billion in the second quarter, topping the highest analyst estimate and confounding predictions that sales would drop. Adjusted earnings climbed to $2.13 a share, the company said in a statement Thursday. That was about double the average of estimates compiled by Bloomberg.UPS managed to “crush elevated expectations on surge in volume,” JPMorgan Chase & Co. analyst Brian Ossenbeck said in a note to clients. “Parcel …read more
Source:: Yahoo Finance
