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Union Pacific: 2Q Earnings Snapshot | KRVN Radio

Union Pacific: 2Q Earnings Snapshot

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.

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