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Union Pacific forecasts third-quarter profit below estimates
An uncertain economic environment continued to impact intermodal volumes, Union Pacific said in a statement.
The company said it expects profit of $2.45-$2.48 per share for the quarter ending September. Analysts on average had expected a profit of $2.56 per share, according to Thomson Reuters I/B/E/S.
Union Pacific, which links 23 states in the West and Midwest, also forecast a $10 million hit to operating income related to the flooding. (Reuters)
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