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Stock impact report

UPDATE 3-Union Pacific operational overhaul gains traction, shares rise [Reuters]

Union Pacific Corporation (UNP) 
Last union pacific corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: up.com/investors
Company Research Source: Reuters
Union Pacific operational overhaul gains traction, shares rise - Reuters 3 Min Read (Reuters) - U.S. railroad operator Union Pacific Corp on Thursday reported better-than-expected quarterly profit as price increases and cost controls offset the impact of severe winter weather and record flooding that damaged rails in the Midwest. Its shares jumped 4.6 percent to $177.02 after the second-largest U.S. railroad’s operational overhaul survived its first stress test. Efforts to streamline operations and create surge capacity helped railway crews reroute the 50-60 daily trains that use the east-west main line that flood waters severed for almost two weeks, Chief Executive Lance Fritz told Reuters. “We’re gaining traction... I see us coming back quickly and strongly,” Fritz said. Net income at Union Pacific, which serves the western two-thirds of the country, rose 6.2 percent to $1.4 billion, or $1.93 per share, in the first quarter. That topped analysts’ average forecast of $1.89, according Show less Read more
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