Union Pacific Reports Higher Profit, Lower Operating Revenue
18 7월 2019 - 9:56PM
Dow Jones News
By Aisha Al-Muslim
Union Pacific Corp. (UNP) said it had strong financial results
in the latest quarter, driven by its improved operating
performance, including an all-time best quarterly operation ratio,
despite numerous weather challenges.
The Omaha, Neb.-based railroad operating company reported
Thursday a profit for the second quarter of $1.57 billion, or $2.22
a share, up from $1.51 billion, or $1.98 a share, a year earlier.
Analysts polled by FactSet were looking for $2.14 a share.
Total operating revenue fell 1% to $5.6 billion, below the
consensus forecast of $5.64 billion. Operating ratio was 59.6%, an
improvement of 3.4 points compared to the same period a year
earlier.
Second-quarter business volumes, as measured by total revenue
carloads, decreased by 4%. Industrial volumes increased, while
agricultural products shipments were flat, and energy and
agricultural products declined.
Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com
(END) Dow Jones Newswires
July 18, 2019 08:41 ET (12:41 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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