United Parcel Service Inc on Tuesday reported a fall in first-quarter profit, as the freight bellwether grappled with softening e-commerce demand due to economic uncertainties.

The company posted an adjusted profit of $2.20 per share for the quarter through March, compared with $3.05 a year earlier.

Analysts on average were expecting a profit of $2.21 per share, according to Refinitiv. It was not immediately clear if the figures were comparable.

(Reporting by Priyamvada C in Bengaluru; Editing by Shinjini Ganguli)