OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Union Pacific Corp. (UNP) on Thursday reported first-quarter net income of $1.7 billion.
On a per-share basis, the Omaha, Nebraska-based company said it had net income of $2.87. Earnings, adjusted for costs related to mergers and acquisitions, came to $2.93 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.85 per share.
The railroad posted revenue of $6.22 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $6.21 billion.
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