Union Pacific misses 4Q profit forecasts
OMAHA, Neb. (AP) _ Union Pacific Corp. (UNP) on Thursday reported fourth-quarter profit of $7.28 billion.
The Omaha, Nebraska-based company said it had net income of $9.25 per share. Earnings, adjusted for pretax gains and non-recurring gains, came to $1.53 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The railroad posted revenue of $5.45 billion in the period, which topped Street forecasts. Six analysts surveyed by Zacks expected $5.41 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 climbed 6 percent.