UPS Stock Jumps 8% After Q3 Earnings Beat Expectations

UPS recently reported better-than-expected earnings, driven by a focus on higher-margin business and cost-cutting measures, including a 50% reduction in shipping volumes with Amazon and 48,000 job cuts. The company's financials and bottom line may continue to improve as it becomes leaner and more efficient. Shares of UPS jumped 8% on the day of the earnings release.