Union Pacific increased net profit by 6% in the first quarter


American Union Pacific Railroad, which owns the largest rail network in the United States, reported that in the first quarter it had recorded a net profit of $1 billion 391 million, which is 6% more than in the same quarter a year earlier. Earnings per share of 1 dollar 93 cents exceeded analysts' forecast of 1 dollar 89 cents per share. However, quarterly revenue of $5 billion 384 million was lower than economists estimate of $5 billion 480 million. Its annual rate fell by 2%. In the past quarter, the company reduced revenue from freight by 2%, reducing the volume of freight also by 2%. The decline in revenues from the transportation of agricultural products was 3%, from the transportation of energy carriers - 16%. At the same time, revenue from the transportation of industrial products showed an increase of 5%. Revenue from the transportation of premium goods rose by 3%.

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