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UPS Misses Earnings Expectations, Blames It On The Weather

Sam RoApr 24, 2014, 17:23 IST

Wilfredo Lee / AP

UPS just announced its Q1 financial results, and at first glance it doesn't look great.

Q1 earnings fell to $0.98 per share, missing analysts' expectation for $1.08.

Operating profit fell $106 million year-over-year to $1.5 billion.

But in big bold letters, UPS blames the weather.

In fact, the title of the company's earnings announcement was "Weather Impacts UPS 1Q Results."

"Unusually harsh weather weighed on operating profit by approximately $200 million, due to increased expenses and slower revenue growth," said management.

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