OMAHA, Neb. — Union Pacific is reporting third-quarter earnings of $1.19 billion and strong revenues, topping Wall Street expectations for both.
The Omaha, Nebraska, railroad’s net income equates to $1.50 per share, a penny better than industry analysts had expected, according to a survey by Zacks Investment Research.
The company’s revenue of $5.41 billion topped the $5.31 billion that had been forecast on Wall Street.
Shares of Union Pacific Corp., which have increased slightly more than 6 percent since the beginning of the year, rose 1 percent before the opening bell Thursday.