PayPal Holdings Inc. largely matched expectations for its holiday quarter but shares plunged late Tuesday after the company delivered an earnings forecast that came up shy of expectations. Read More...
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Why UPS Stock Soared Today
Shares of United Parcel Service (NYSE: UPS) surged 14% on Tuesday after the logistics leader delivered strong fourth-quarter results. The gains were fueled by an 11.3% increase in average revenue per piece, reflecting CEO Carol Tomé’s emphasis on higher-priced shipping services. Since that time, she’s focused UPS on its most profitable business lines, even if it’s meant sacrificing shipping volumes.
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