Union Pacific Tops Views as Volumes, Fuel Surcharges Rise -- Earnings Review
April 26 2018 - 9:16AM
Dow Jones News
By Imani Moise
Union Pacific Corp. (UNP) reported first-quarter earnings before
the opening bell Thursday. Here's what you need to know:
REVENUE: Sales rose 6.7% to $5.48 billion driven by growth
across most of the railroad's segments. Agricultural product sales
were flat for the period. Analysts polled by Thomson Reuters had
forecast $5.39 billion in revenue.
EARNINGS: Profit rose to $1.31 billion, or $1.68 a share, from
$1.07 billion, or $1.32 a share a year earlier. Wall Street was
looking for earnings of $1.66 a share.
FUEL COSTS: The Railroad also benefited from increased fuel
surcharge revenue as the prices for fuel increase. The per gallon
average quarterly diesel fuel price in the first quarter grew 22%
to $2.13.
STOCK MOVE: Shares rose 1.4% to $138 in light premarket trade.
The stock has risen 1.5% so far this year while the S&P 500 has
dropped 1.3%.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
April 26, 2018 09:01 ET (13:01 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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