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UPS shares rise after earnings beat and raised outlook

The company reported an earnings beat and increased its outlook, helping lift its stock after the completion of prior cost cuts tied to operational changes.

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UPS shares rose after the company reported an earnings beat and raised its outlook, according to MarketWatch.

MarketWatch said the stock move followed the completion of prior job cuts and operational shifts, as UPS’s results built on that turnaround effort.

The outlet framed UPS’s progress as continuing to move past earlier restructuring tied to changes in how it handles Amazon volume, including a phase described as an Amazon “glide down.”

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