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Union Pacific quarterly profit rises
July 20, 2017 / 12:17 PM / 2 months ago

Union Pacific quarterly profit rises

DETROIT, July 20 (Reuters) - No. 1 U.S. railroad Union Pacific Corp on Thursday reported a higher quarterly net profit, driven by a 11 percent increase in freight revenue, including a 25 percent jump in coal.

The Omaha, Nebraska-based company posted second-quarter net income of $1.2 billion or $1.45 per share, up 20 percent from $1 billion or $1.17 per share a year earlier. Analysts had on average expected earnings per share of $1.39. (Reporting By Nick Carey, Editing by Franklin Paul)

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