Union Pacific's Profit Slips in 4Q
January 23 2020 - 8:42AM
Dow Jones News
By Allison Prang
Union Pacific Corp.'s (UNP) profit fell almost 10% as revenue
decreased from the comparable quarter a year ago.
The transportation company's fourth-quarter earnings were $1.4
billion, down 9.7% from the comparable quarter a year ago. Earnings
were $2.02 a share, down from $2.12 a share. Analysts polled by
FactSet expected $2.07 a share.
Revenue was $5.21 billion, down 9.5%. Analysts' had a consensus
expectation of $5.22 billion.
Chief Executive Lance Fritz said in prepared remarks that the
company "must improve our safety results."
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
January 23, 2020 08:27 ET (13:27 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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