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Union Pacific Beats Q4 Estimates, Delivers Most Profitable Year Ever Thursday, January 20, 2:25 PM ET
Union Pacific (NYSE:UNP) posted a gain in fourth quarter earnings today that beat analyst expectations.
The railroad said net income totaled $775 million, or $1.56 per share, compared to $549 million, or $1.08 per share, in the same quarter last year.
Union Pacific CEO Jim Young noted 2010 was the most profitable year in Union Pacificís 150 year history.
Operating revenue rose 17% in the fourth quarter, to $4.4 billion.
Each of the companyís six business groups reported freight revenue growth in the fourth quarter, up 18% compared to 2009.
Union Pacific shares are trading down 3% Thursday.
Fellow railroad carrier CSX Corp. (NYSE:CSX) is trading down over .5% Thursday, while Norfolk Southern (NYSE:NSC) trades down over .9%, and Canadian National Railway (NYSE:CNI) trades down almost 1.1%.
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