Union Pacific beats 2Q net income expectations, misses revenue forecasts

MarketsAssociated Press

Union Pacific Corp. (UNP) on Thursday reported second-quarter earnings of $1.2 billion.

On a per-share basis, the Omaha, Nebraska-based company said it had net income of $1.38.

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The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.

The railroad posted revenue of $5.43 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $5.58 billion.

Union Pacific shares have fallen 18 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 3 percent. The stock has dropped 3 percent in the last 12 months.

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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 http://www.zacks.com/ap/UNP

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Keywords: Union Pacific, Earnings Report, Priority Earnings