UPDATE: Union Pacific Q3 Profit Increases 10%

Union Pacific UNP reported a 10% rise in its third-quarter profit. Union Pacific's quarterly profit surged to $1.15 billion, or $2.48 per share, up from $1.04 billion, or $2.19 per share, in the year-ago period. Its revenue rose 4% to $5.57 billion from $5.34 billion. However, analysts were projecting earnings of $2.48 per share on revenue of $5.61 billion. Union Pacific shares closed at $157.16 yesterday.