Union Pacific: 4Q Earnings Snapshot
OMAHA, Neb. (AP) _ Union Pacific Corp. (UNP) on Thursday reported fourth-quarter profit of $1.4 billion.
The Omaha, Nebraska-based company said it had profit of $2.02 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share.
The railroad posted revenue of $5.21 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $5.17 billion.
Union Pacific shares have increased slightly since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 3%. The stock has risen 17% in the last 12 months.