5 Stocks Gaining Attention After Posting Their Quarterly Results

2. United Parcel Service, Inc. (NYSE:UPS)

Number of Hedge Fund Holders: 52

Shares of United Parcel Service, Inc. (NYSE:UPS) rose more than three percent in the pre-market trading session on Tuesday, 26 October 2021, after delivering impressive financial results for the third quarter.

The Georgia-based package delivery giant posted adjusted earnings of $2.71 per share, up 18.9 percent from the comparable period of 2020. In addition, revenue for the quarter rose 9.2 percent on a year-over-year basis. Analysts were expecting United Parcel Service, Inc. (NYSE:UPS) to report adjusted earnings of $2.55 per share on revenue of $23.2 billion.

Follow United Parcel Service Inc (NYSE:UPS)

If we compare the performance of key business units, domestic segments’ revenue rose 7.4 percent versus last year to $14.21 billion, while the international segment’s revenue jumped 15.5 percent to 4.72 billion. In comparison, revenue from the supply chain solutions segment increased 8.4 percent to $4.26 billion.