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Oct. 28, 2020, 12:18 p.m. EDT

Tupperware stock surges 41% after earnings

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By Tonya Garcia

Tupperware Brands Inc. /zigman2/quotes/209009040/composite TUP -0.56% stock surged a whopping 41% in Wednesday trading after third-quarter profit and sales beat consensus and increased year-over-year. Chief Executive Miguel Fernandez credited increased home cooking and the need for food storage during the coronavirus pandemic for the results. The broader Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.09% plunged 683 points on Wednesday, down 2.5%. Tupperware shares have skyrocketed 248% for the year to date while the Dow is down 6.1% and the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.12% is up 2.4%.

/zigman2/quotes/209009040/composite
US : U.S.: NYSE
$ 33.77
-0.19 -0.56%
Volume: 358,348
Dec. 2, 2020 2:47p
P/E Ratio
105.85
Dividend Yield
0.00%
Market Cap
$1.67 billion
Rev. per Employee
$159,106
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,852.22
+28.30 +0.09%
Volume: 263.66M
Dec. 2, 2020 2:49p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,666.84
+4.39 +0.12%
Volume: 1.55B
Dec. 2, 2020 2:49p
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