Union Pacific profit rises, beats analyst expectations
By: Reuters | Oct 27 2014 at 08:56 AM | Intermodal
No. 1 U.S. railroad Union Pacific Corp reported a higher quarterly profit due to increasing freight volumes and pricing gains, coming in just above analyst expectations.
The Omaha, Nebraska-based company report earnings per share of $1.53, up 23 percent from $1.24 in the same quarter last year. Analysts had expected earnings per share of $1.52.
Revenue for the quarter rose to $6.2 billion, up 11 percent from $5.6 billion in the third quarter of 2013. That beat analyst expectations of $6.09 billion. (Reuters)