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UPS

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United Parcel Service on Tuesday reported earnings that topped Wall Street's estimates ahead of its busy holiday season and revealed deeper job cuts as part of its sweeping turnaround plan.

The company said Tuesday it's reduced its operational workforce by 34,000 jobs this year, greater than its previous estimate of 20,000 reductions. The company also trimmed 14,000 jobs from its management workforce.

UPS told CNBC in a statement those cuts have already taken place.

Shares of the package delivery giant rose 8% on Tuesday.

Here's how the company performed in its third quarter, compared with what Wall Street was expecting based on a survey of analysts by LSEG:

Earnings per share: $1.74 adjusted vs. $1.30

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