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Stock impact report

Union Pacific's first-quarter profit creeps up 1% as railroad limits expenses [Yahoo! Finance]

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: Yahoo! Finance
The Omaha, Nebraska-based railroad said Thursday it made $1.64 billion, or $2.69 per share. That's higher than last year's $1.63 billion, or $.2.67 per share. Shipping volume was down 1% in the quarter. The analysts surveyed by FactSet Research were expecting earnings of $2.51 per share. "These results build on the momentum we established as we exited 2023 and provide further proof of what's possible as we strive to be the best in safety, service and operational excellence,” CEO Jim Vena said. The railroad's revenue was hurt by a drop in fuel surcharge revenue as fuel prices fell. Union Pacific said it generated $6.03 billion in revenue, down slightly from last year's $6.06 billion. But that was better than the $5.974 billion that analysts expected. Union Pacific was able to hold down expenses 3% at $3.66 billion. That included a 14% drop in fuel expenses to $658 million in the quarter. The railroad said its quarterly results have it feeling more optimistic about profit gro Show less Read more
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