UPS delivers upbeat revenue forecast after results beat, shares jump

By Abhinav Parmar and Lisa Baertlein (Reuters) -United Parcel Service beat analysts' estimates for third-quarter profit and forecast revenue above Wall Street expectations for the holiday season on Tuesday, banking on price increases to offset soft business-to-business demand in the U.S. Shares of the company rose 8.9% in premarket trading, with rival FedEx also gaining 2.5%. UPS shares are down about 28% since the start of the year. The forecast and the profit beat signal early progress in UPS' efforts ...