FX.co ★ Union Pacific Corp. Profit Advances In Q1, Beats estimates

Union Pacific Corp. (UNP) has posted an increase in its earnings for the first quarter, surpassing last year's figures as well as outperforming market predictions.

The company's net income reached $1.64 billion, equivalent to $2.69 per share. The previous year, during the same quarter, the company recorded a net income of $1.63 billion, or $2.67 per share.

An average prediction by market analysts, collated by Thomson Reuters, had forecast earnings of $2.52 per share. Notably, such expectations usually exclude any special items.

Despite this positive outcome, the company’s revenue for the quarter experienced a slight dip of 0.5%, falling to $6.03 billion from $6.06 billion last year.

To summarize, Union Pacific Corp.'s earning report (GAAP) indicates:

- Earnings for Q1: Reaching $1.64 billion, compared to $1.63 billion in the previous year.

- EPS for Q1: Standing at $2.69, relative to $2.67 in the comparatively prior year.

- Revenue for Q1: Totaling $6.03 billion, a slight drop from $6.06 billion last year.