Shares of UPS jumped more than 4% in premarket trading Tuesday after the company reported better-than-expected revenue and profits over the busy holiday shopping season, reflecting a boom in online shopping due to the Covid-19 pandemic.
Revenue for the Atlanta-based logistics and delivery company jumped 21% to $24.9 billion during the fourth quarter ended Dec. 31, marking a record for UPS as it navigated unprecedented e-commerce sales over the holidays.
