UPS stock rises after mixed third quarter earnings

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The United Parcel Service released its third-quarter earnings report that showed a revenue of $24.2 billion, growing by 4.2% compared to last year.

Adviser Investments portfolio manager Adam Johnson and former Tether CEO Reeve Collins on where they see growth in the markets.Despite growing concerns over, the shipping giant reaffirmed it was on track to meet its 2022 financial goals. Moreover, UPS will be joining its competitor FedEx in raising shipping rates by 6.9% due to increased costs.

"I want to thank UPSers around the world for their unstoppable spirit and for continuing to deliver outstanding service to our customers," said Carol Tomé, UPS CEO, in a statement.

 

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