United Parcel Service shares rose Thursday in after-hours trading after FedEx posted better-than-expected earnings, according to Benzinga. FedEx and UPS are global leaders in parcel delivery and direct competitors. Strong FedEx results have lifted UPS shares ahead of its upcoming October 23rd earnings report, where analysts expect modest profit and revenue. In the previous quarter, UPS shares declined after the company withheld full-year guidance due to economic uncertainty. UPS shares rose in after-hours trading to $85.05 on Thursday, according to Benzinga Pro.