Union Pacific beats Street 4Q forecasts

Markets Associated Press

FILE - In this July 15, 2013, file photo, Union Pacific Railroad locomotives sit on a track at a rail yard in Phoenix. Union Pacific Corporation reports financial results Thursday, Jan. 19, 2017. (AP Photo/Ross D. Franklin, File) (The Associated Press)

Union Pacific Corp. (UNP) on Thursday reported fourth-quarter profit of $1.14 billion.

Continue Reading Below

The Omaha, Nebraska-based company said it had profit of $1.39 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.

The railroad posted revenue of $5.17 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $5.14 billion.

Union Pacific shares have climbed slightly since the beginning of the year, while the Standard & Poor's 500 index has risen 1.5 percent. The stock has increased 40 percent in the last 12 months.

_____

Continue Reading Below

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNP at https://www.zacks.com/ap/UNP

_____

Keywords: Union Pacific, Earnings Report, Priority Earnings