Union Pacific's Profit Slips in 4Q

Date : 01/23/2020 @ 1:42PM
Source : Dow Jones News
Stock : Union Pacific Corp (UNP)
Quote : 181.72  -1.68 (-0.92%) @ 11:40PM
Union Pacific share price Chart
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Last $ 181.65 ▼ -0.07 (-0.04%)

Union Pacific's Profit Slips in 4Q

Union Pacific (NYSE:UNP)
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1 Month : From Jan 2020 to Feb 2020

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By Allison Prang

 

Union Pacific Corp.'s (UNP) profit fell almost 10% as revenue decreased from the comparable quarter a year ago.

The transportation company's fourth-quarter earnings were $1.4 billion, down 9.7% from the comparable quarter a year ago. Earnings were $2.02 a share, down from $2.12 a share. Analysts polled by FactSet expected $2.07 a share.

Revenue was $5.21 billion, down 9.5%. Analysts' had a consensus expectation of $5.22 billion.

Chief Executive Lance Fritz said in prepared remarks that the company "must improve our safety results."

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

January 23, 2020 08:27 ET (13:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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