FX.co ★ Union Pacific Corp. Reveals Rise In Q4 Income, Beats estimates

Union Pacific Corp. (UNP) announced an increase in earnings for its fourth quarter, surpassing the same period last year as well as market expectations. The company's net income reached $1.652 billion, which translates to $2.71 per share, an improvement from last year's fourth quarter when they recorded $1.638 billion, or $2.67 per share. Anticipations from market analysts, as consolidated by Thomson Reuters, were lower than outcomes, predicting earnings of $2.57 per share. These estimates generally do not account for unique items. Despite the rise in earnings, there was a slight drop in the company's quarter revenue by 0.3% equating to $6.159 billion, down from $6.180 billion last year. A glance at the Union Pacific Corp.'s earnings based on Generally Accepted Accounting Principles (GAAP) reveals that the company had earnings of $1.652 billion for Q4, up from $1.638 billion last year, earnings per share of $2.71, whereas the previous year it was $2.67. The market estimate stood at $2.57. The company's revenue for Q4 was $6.159 billion, a slight decrease from the $6.180 billion recorded last year.