UPS's quarterly profit hurt by severe winter

April 24 Thu Apr 24, 2014 8:00am EDT

April 24 (Reuters) - United Parcel Service Inc, the world's biggest courier company, reported a 12 percent fall in quarterly profit due to higher costs related to a severe winter in the United States.

The company's net income fell to $911 million, or 98 cents per share, in the first quarter ended March 31, from $1.03 billion, or $1.08 per share, a year earlier.

UPS said total operating expenses rose 4 percent to $12.27 billion. (Reporting by Sweta Singh in Bangalore; Editing by Maju Samuel)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article