OMAHA, Nebraska — Union Pacific Corp. (UNP) on Thursday reported first-quarter profit of $1.15 billion.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.30.
The results fell short of Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The railroad posted revenue of $5.61 billion in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $5.7 billion.
Union Pacific shares have declined 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 2 percent. The stock has increased 15 percent in the last 12 months.
Keywords: Union Pacific, Earnings Report, Priority Earnings
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