{"id":4336,"date":"2019-04-18T08:27:42","date_gmt":"2019-04-18T13:27:42","guid":{"rendered":"http:\/\/planesintheair.com\/?p=4336"},"modified":"2019-04-18T08:27:48","modified_gmt":"2019-04-18T13:27:48","slug":"union-pacific-quarterly-profit-beats-estimates","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=4336","title":{"rendered":"Union Pacific Quarterly Profit Beats Estimates"},"content":{"rendered":"\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/04\/UP.jpg\" alt=\"\" class=\"wp-image-4337\" width=\"594\" height=\"408\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/04\/UP.jpg 800w, https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/04\/UP-300x206.jpg 300w, https:\/\/planesintheair.com\/wp-content\/uploads\/2019\/04\/UP-768x527.jpg 768w\" sizes=\"auto, (max-width: 594px) 100vw, 594px\" \/><figcaption> FILE PHOTO: A Union Pacific rail car is parked at a Burlington National  Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10,  2017. REUTERS\/Chris Helgren <\/figcaption><\/figure>\n\n\n\n<p>(Reuters)  &#8211; Union Pacific Corp on Thursday reported a better-than-expected  quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter weather and record flooding that damaged rails  in the Midwest.<\/p>\n\n\n\n<p>Shares rose 2.7 percent to $173.80 in premarket trading.<\/p>\n\n\n\n<p>Union  Pacific&#8217;s operating ratio, a measure of operating expenses as a  percentage of revenue and a key metric for Wall Street, increased 1 point to 63.6 percent from a year ago.<\/p>\n\n\n\n<p>A lower ratio means more efficiency and higher profitability.<\/p>\n\n\n\n<p>Total operating revenue fell to $5.4 billion from $5.5 billion.<\/p>\n\n\n\n<p>The  Omaha, Nebraska-based company&#8217;s net income rose to $1.4 billion, or  $1.93 per share, in the first-quarter ended March 31 from $1.31 billion, or $1.68 per share, a year earlier.<\/p>\n\n\n\n<p>Analysts, on average, expected a profit of $1.89 per share and revenue of $5.50 billion, according to IBES data from Refinitiv.<\/p>\n\n\n\n<p>Union Pacific and Berkshire Hathaway-owned BNSF are the largest U.S. freight rail operators with an annual revenue of more than $20 billion each.<\/p>\n\n\n\n<p>(Reporting by Rachit Vats in Bengaluru and Lisa Baertlein in Los Angeles; Editing by Shailesh Kuber)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Pacific Corp on Thursday reported a better-than-expected quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2203,1210,868],"tags":[4262,791,4267,4261,4243,4265,3170,792,3322,4263,412,2899,2295,1016,1570,1323,4266,959,2902,1212,4264,1288,1978,1921,632],"class_list":["post-4336","post","type-post","status-publish","format-standard","hentry","category-finance-news","category-railroad-news","category-transportation-news","tag-beats","tag-berkshire","tag-bnsf","tag-efficiency","tag-estimates","tag-expenses","tag-freight","tag-hathaway","tag-higher","tag-hike","tag-news","tag-operating","tag-operator","tag-pacific","tag-price","tag-profit","tag-profitability","tag-quarterly","tag-rail","tag-railroad","tag-ratio","tag-reuters","tag-revenue","tag-union","tag-us"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4336"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4336\/revisions"}],"predecessor-version":[{"id":4338,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/4336\/revisions\/4338"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}