Profit of the largest railway company in the United States fell 4.7 times

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The net profit of Union Pacific Corp., the largest railway company in North America, fell 4.7 times in 2018 to $1.55 billion, or $2.12 per share. Last year, the company made a profit of $7.28 billion, or $9.25 per share. High performance in 2017 was associated with US tax reform. Union Pacific revenue rose 6% in October-December last year, according to a company press release. Despite the decline in profits, analysts had predicted an even greater decline. Experts had expected a profit of $2.07 and revenue of $5.74 billion. Revenue increased to $5.76 billion. Union Pacific's profitability rate rose to 61.6%. The company increased revenues from the transportation of agricultural products by 5%, industrial products - by 10%, premium products - by 15%. Energy transportation brought the company 8% less revenue than last year. Union Pacific ended 2018 with a profit of $5.97 billion, or $7.91 per share, while last year the figures were $10.7 billion, or $13.36 per share. The company's capitalization grew by 17.5% to $114 billion.

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