UPDATE: Union Pacific Q2 Profit Surges 10%
Union Pacific (NYSE: UNP) reported a 10% rise in its second-quarter earnings.
Union Pacific's quarterly profit surged to $1.11 billion, or $2.37 per share, from $1 billion, or $2.10 per share, in the year-ago period.
Its revenue rose 4.8% to $5.47 billion. However, analysts were expecting earnings of $2.35 per share on revenue of $5.5 billion.
Its operating margin widened to 34.3% from 33%.
Union Pacific shares closed at $159.68 yesterday.
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