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

Tupperware stock surges 41% after earnings

Tupperware Brands Inc. (NYS:TUP) 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 (DOW:DJIA) 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 (S&P:SPX) is up 2.4%.

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