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UNP Union Pacific Corp

247.40
0.79 (0.32%)
11 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Union Pacific Corp NYSE:UNP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.79 0.32% 247.40 248.49 246.617 248.00 1,299,526 01:00:00

Union Pacific Posts Higher 4Q Earnings, Warns of Muted 2024 Volume

25/01/2024 1:30pm

Dow Jones News


Union Pacific (NYSE:UNP)
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From Nov 2023 to May 2024

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By Will Feuer

 

Union Pacific's profit edged higher in the fourth quarter, but the company warned of a muted volume outlook for 2024, citing soft economic conditions and lower demand for coal.

The Omaha, Neb.-based freight railroad, a bellwether of the industrial economy, reported a profit of $1.65 billion, or $2.71 a share, compared with $1.64 billion, or $2.67 a share, in the same period a year earlier. Analysts surveyed by FactSet expected $2.58 a share.

Revenue edged down to $6.16 billion from $6.18 billion. Analysts expected $6.05 billion.

The company said reduced fuel surcharge revenue and business mix offset higher volume and core pricing gains.

For 2024, Union Pacific said it expects volume to be muted by international intermodal business loss, lower coal demand and soft economic conditions.

 

Write to Will Feuer at Will.Feuer@wsj.com

 

(END) Dow Jones Newswires

January 25, 2024 08:15 ET (13:15 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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