UPS stock rallies after profit and revenue beats, as all business segments top forecasts

Published: Oct. 26, 2021 astatine 6:14 a.m. ET

Shares of United Parcel Service Inc. rallied 1.7% toward a three-month precocious successful premarket trading Tuesday, aft the bundle transportation elephantine reported third-quarter nett and gross that bushed expectations, with each concern segments topping forecasts. Net income was $2.33 billion, and net per stock of $2.65 roseate 18.3% from a twelvemonth ago. Excluding nonrecurring items, adjusted EPS came to $2.71 to bushed the FactSet statement of $2.55. Revenue grew 9.2% to $23.2 billion, topping the FactSet statement of $22.6 billion. U.S. home conception gross grew 7.4% to $14.21 billion, helped by a 12.0% summation successful gross per piece,...