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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 +5.85% 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 +1.06% 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 +1.49% is up 2.4%.

/zigman2/quotes/209009040/composite
US : U.S.: NYSE
$ 28.23
+1.56 +5.85%
Volume: 722,030
May 14, 2021 4:00p
P/E Ratio
8.82
Dividend Yield
0.00%
Market Cap
$1.32 billion
Rev. per Employee
$162,657
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,382.13
+360.68 +1.06%
Volume: 307.38M
May 14, 2021 5:02p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,173.85
+61.35 +1.49%
Volume: 1.91B
May 14, 2021 5:02p
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