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Union Pacific: Q3 Earnings Snapshot

Union Pacific: Q3 Earnings Snapshot

OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Union Pacific Corp. (UNP) on Thursday reported third-quarter net income of $1.53 billion.

On a per-share basis, the Omaha, Nebraska-based company said it had net income of $2.51.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.45 per share.

The railroad posted revenue of $5.94 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $6 billion.