Union Pacific Reports Lower Revenue, Beats on Earnings
April 18 2019 - 9:01AM
Dow Jones News
By Aisha Al-Muslim
Union Pacific Corp. (UNP) said earnings in its latest quarter
were driven by improved operating performance despite the railroad
operating company facing weather challenges.
Union Pacific said Thursday it had a first-quarter profit of
$1.4 billion, or $1.93 a share, up from $1.3 billion, or $1.68 a
share, a year earlier. Analysts polled by Refinitiv were looking
for $1.89 a share.
Total operating revenue fell 2% to $5.38 billion, below the
consensus forecast of $5.5 billion.
First-quarter business volumes, as measured by total revenue
carloads, decreased 2%. Industrial and premium volumes increased,
while energy and agricultural products declined.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
April 18, 2019 08:46 ET (12:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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