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UPS beat earnings estimates, raised dividend, and saw stock rise despite revenue decline.
United Parcel Service (UPS) reported third-quarter earnings of $1.74 per share, beating estimates by $0.43, and revenue of $21.42 billion, exceeding forecasts despite a 3.7% year-over-year decline.
The stock rose 1.1% to $94.56, with a dividend of $1.64 per share announced, yielding 6.9% annually.
Analysts maintain a "Hold" consensus rating with a $110 average price target.
J.W.
Cole Advisors increased its stake in UPS by 3,516 shares.
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UPS superó las estimaciones de ganancias, aumentó el dividendo y vio aumentar las acciones a pesar de la caída de los ingresos.