ADVFN - Advanced Financial Network.
HOME» NYSE » U » UNP Stock Price » UNP Stock News

Union Pacific Share News

 Union Pacific Corp Stock Price
UNP Stock Price
 Union Pacific Corp Stock Chart
UNP Stock Chart
 Union Pacific Corp Stock News
UNP Stock News
 Union Pacific Corp Company Information
UNP Company Information
 Union Pacific Corp Stock Trades
UNP Stock Trades

Union Pacific 2Q Profit Climbs 10% As Volumes Increase

DOW JONES NEWSWIRES Union Pacific Corp.'s (UNP) second-quarter profit jumped 10% as the U.S. railroad company posted a double-digit increase in freight revenue across all product categories, again offsetting higher fuel costs. The company has said it expects freight volume will continue to increase in the second half of the year, growth that would build on a sharp jump last year when the transportation industry began to see a turnaround. In a sign of strength, Union Pacific also boosted its quarterly dividend by 25%, as the company noted it was generating record free cash flow. Union Pacific has reported broad volume growth for five consecutive quarters, with particular strong growth in shipments of chemicals and industrial products. Union Pacific reported a profit of $785 million, or $1.59 a share, up from $711 million, or $1.40 a share, a year earlier. Union Pacific said flood-related issues increased operating expenses by 2 cents a share and resulted in missed coal revenue of about $20 million, or 2 cents. Revenue jumped 16% to $4.86 billion. Analysts surveyed by Thomson Reuters expected a profit of $1.58 per share on revenue of $4.74 billion. Operating margin narrowed to 28.7% from 30.6%. Freight revenue climbed across all categories, with energy--the largest contributor--reporting a 14% jump. Revenue per carload climbed 3%, but the average fuel price per gallon was up 44% to an average of $3.29. On Tuesday, peer CSX Corp. (CSX) posted a 22% increase in second-quarter profit as overall volume jumped, led by its intermodal, forest-products and food-and-consumer segments. Union Pacific's shares closed Wednesday at $99.83 and were inactive premarket. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Union Pacific (UNP)
DateTimeHeadline
09/05/201505:59:00Rail Executives Gathering to Address Investor Concerns
09/02/201509:00:00Union Pacific Corporation CFO Rob Knight to Address Cowen and...
09/01/201510:46:30Initial Statement of Beneficial Ownership (3)
08/21/201515:45:01Statement of Changes in Beneficial Ownership (4)
08/13/201514:00:45Union Pacific to Cut Management Jobs
08/13/201512:57:34Union Pacific to Cut Hundreds of Management Jobs
08/12/201514:00:00Union Pacific Railroad and Subsidiary Union Pacific Distribution...
08/09/201521:30:23Report Says U.S. Railroads to Miss Safety-Equipment Deadline
08/06/201509:40:00Technical Commentary on Railroads Stocks - CSX Corp., Union Pacific...
08/05/201511:00:00Union Pacific Recognized as a Best Employer for Healthy Lifestyles
07/31/201511:15:00Union Pacific Reports Environmental Strategies and Goals in Annual...
07/30/201516:36:38Current Report Filing (8-k)
07/30/201515:39:00UNION PACIFIC ELECTS LANCE FRITZ CHAIRMAN OF THE BOARD, SUCCEEDING...
07/30/201510:16:00Union Pacific Corporation Declares Third Quarter Dividend
07/28/201513:00:00Union Pacific Improves Public Safety Rate
07/27/201512:49:00Union Pacific Employees Set Safety Records
07/24/201517:47:12Statement of Changes in Beneficial Ownership (4)
07/24/201514:29:24Quarterly Report (10-q)
07/23/201509:10:03Union Pacific Revenue, Profit Falls
07/23/201509:01:41Union Pacific Revenue, Profit Falls as Coal Slump Hits

Union Pacific and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad