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.
UPS, as the company is known, saw revenue rise 11.5% year over year in Q4 to $27.8 billion. 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.
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Source Fool.com
