Union Pacific Reports 64% Gain in 2Q Income
Click here to write a Letter to the Editor.
Revenue rose 17% to a record $3.92 billion.
estern freight railroad Union Pacific Corp. said Thursday its second-quarter profit rose 64% to $390 million or $1.44 per share, from $233 million or 88 cents a year earlier.
The earnings exceeded the railroad’s forecast of a range of $1.20 to $1.30 per share.
UP kept in place its forecast that it would earn $5 to $5.20 per share for the full year.
Union Pacific is the largest U.S. freight railroad by revenue.
