Jim Cramer Highlights Why UPS Reported "Much Better Than Expected Earnings"

United Parcel Service, Inc. (NYSE:UPS) is one of the stocks Jim Cramer recently talked about. Cramer discussed the impact of the company’s earnings, as he commented:

“Beyond tech, how about this one? UPS today, did you see that? They just announced they laid off 48,000 people this year. By the way, that was a major reason why they delivered much, much better than expected earnings today. Good for the shareholders, but obviously not good for the workers who lost their jobs or the broader economy.”

United Parcel Service, Inc. (NYSE:UPS) provides global package delivery and logistics services, including express shipping, freight forwarding, and supply chain management. The company was part of Cramer’s game plan for this week and was discussed during the October 24 episode. He stated:

“We also hear from United Parcel, not the best stock…. Now, this stock’s been sneaking up as if there was no issue with the dividend, that they have plenty of money. Good quarter takes this $87 stock to $100. A bad one takes it right back to $80. Seems like a decent risk reward, but anyone who stuck their neck out for UPS recently has gotten their head chopped off.”

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Disclosure: None. This article is originally published at Insider Monkey.