UPS profit falls 17.4 percent hurt by severe winter

April 25, 2019

(Reuters) – United Parcel Service Inc reported a 17.4 percent fall in first-quarter profit on Thursday, hurt by severe winter weather in the United States.

Net income fell to $1.11 billion, or $1.28 per share, in the quarter ended March 31, from $1.35 billion, or $1.55 per share, a year earlier.

UPS earned $1.39 per share on an adjusted basis. Revenue rose 0.3 percent to $17.16 billion.

(Reporting by Lisa Baertlein in Los Angeles and Ankit Ajmera in Bengaluru; Editing by Maju Samuel)

Comments (No)

Leave a Reply