Union Pacific Tops Views as Volumes, Fuel Surcharges Rise -- Earnings Review

Date : 04/26/2018 @ 9:16AM
Source : Dow Jones News
Stock : Union Pacific Corp. (UNP)
Quote : 145.06  -0.6 (-0.41%) @ 4:12PM

Union Pacific Tops Views as Volumes, Fuel Surcharges Rise -- Earnings Review

Union Pacific (NYSE:UNP)
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1 Month : From Apr 2018 to May 2018

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   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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