UPS profit rises 7 percent on strong post-holiday season

April 25 Thu Apr 25, 2013 7:55am EDT

April 25 (Reuters) - United Parcel Service Inc, the world's largest package-delivery company, reported a 7 percent rise in quarterly profit, helped by a stronger-than-expected post-holiday season in January.

Net income rose to $1.04 billion, or $1.08 per share, in the first quarter, from $970 million, or $1 per share, a year earlier.

Excluding items, UPS earned $1.04 per share. Revenue rose 2.2 percent to $13.43 billion.

UPS dropped its $7 billion bid for Dutch delivery firm TNT Express in January after European regulators said they would veto the deal on antitrust concerns.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.