Union Pacific 2Q Profit Rises as Price Hikes Offset Higher Operating Costs
21 7월 2022 - 9:41PM
Dow Jones News
By Connor Hart
Union Pacific Corp. on Thursday said profit and revenue rose in
its second quarter, as increased prices, higher fuel-surcharge
revenue and a positive business mix helped to offset a decline in
volume.
The Omaha, Neb.-based railroad company posted net income of
$1.84 billion, or $2.93 a share, compared with $1.80 billion, or
$2.72 a share, in the year-ago quarter.
Revenue rose 14% to $6.27 billion. Analysts polled by FactSet
expected revenue of $6.13 billion.
Chief Executive Lance Fritz said inflation and high fuel prices
affected the company's operating costs, but the higher costs were
offset by changes including price increases and train size
initiatives.
Business revenues, as measured by total revenue carloads, were
down 1% from the prior year, the company said.
Additionally, the company said train speeds are down while idle
time is up. The average number of miles traveled daily and average
mile-per-hour speed decreased in the latest quarter, and the
average terminal dwell time increased.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
July 21, 2022 08:26 ET (12:26 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
Union Pacific (NYSE:UNP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Union Pacific (NYSE:UNP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
