News

Union Pacific beats 4Q profit and revenue expectations

OMAHA, Neb. (AP) _ Union Pacific Corp. (UNP) on Thursday reported fourth-quarter profit of $1.41 billion.

On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.61.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The railroad posted revenue of $6.15 billion in the period, also beating Street forecasts. Analysts expected $6.1 billion, according to Zacks.

Union Pacific shares have dropped 4 per cent since the beginning of the year, while the Standard & Poor’s 500 index has decreased slightly more than 1 per cent. The stock has risen 36 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNP at http://www.zacks.com/ap/UNP

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Keywords: Union Pacific, Earnings Report, Priority Earnings