Union Pacific Reports Higher Profit, Lower Operating Revenue

Date : 07/18/2019 @ 1:56PM
Source : Dow Jones News
Stock : Union Pacific Corp (UNP)
Quote : 166.07  -2.46 (-1.46%) @ 10:11PM

Union Pacific Reports Higher Profit, Lower Operating Revenue

Union Pacific (NYSE:UNP)
Historical Stock Chart

2 Months : From Jun 2019 to Aug 2019

Click Here for more Union Pacific Charts.

By Aisha Al-Muslim

 

Union Pacific Corp. (UNP) said it had strong financial results in the latest quarter, driven by its improved operating performance, including an all-time best quarterly operation ratio, despite numerous weather challenges.

The Omaha, Neb.-based railroad operating company reported Thursday a profit for the second quarter of $1.57 billion, or $2.22 a share, up from $1.51 billion, or $1.98 a share, a year earlier. Analysts polled by FactSet were looking for $2.14 a share.

Total operating revenue fell 1% to $5.6 billion, below the consensus forecast of $5.64 billion. Operating ratio was 59.6%, an improvement of 3.4 points compared to the same period a year earlier.

Second-quarter business volumes, as measured by total revenue carloads, decreased by 4%. Industrial volumes increased, while agricultural products shipments were flat, and energy and agricultural products declined.

 

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

 

(END) Dow Jones Newswires

July 18, 2019 08:41 ET (12:41 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest UNP Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.