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Earnings-Union Pacific

Earnings-Union Pacific

Union Pacific dragged down by falling freight volumes


The Associated Press - October 17, 2019

OMAHA, Neb. - Falling shipments of energy, industrial and agricultural products cut into profit and revenue at Union Pacific during the third quarter.

The railroad on Thursday posted net income of $1.56 billion, or $2.22 per share, which is 7 cents less than Wall Street was expecting, according to a survey by Zacks Investment Research.

Revenue slid 7% to $5.52 billion, which also is short of projections.

The earnings report from Union Pacific Corp., based in Omaha, Nebraska, comes a day after the Florida railroad CSX reported falling profits and revenue as signs of a slowing global economy grow.



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