Omaha, Neb. — Union Pacific Corp. (UNP) on Thursday reported second-quarter earnings of $1.51 billion.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.98.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The railroad posted revenue of $5.67 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $5.6 billion.
Union Pacific shares have increased slightly more than 5 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 5 percent. The stock has risen 29 percent in the last 12 months.