Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars

United Parcel Service Inc (NYSE:UPS) shares are trading higher after the company reported better-than-expected third-quarter results.

UPS reported consolidated revenue growth of 5.6% year-over-year to $22.2 billion, beating the consensus of $22.14 billion.

Adjusted EPS was $1.76, up 12.1% YoY, above the consensus of $1.63.

GAAP results for the quarter reflect a net after-tax benefit of $36 million, or $0.04 per share, driven by a $152 million gain from the Coyote Logistics divestiture, offset by $116 million in transformation costs.

Consolidated operating profit rose 47.8% YoY to $1.983 ...