This site is a gem, it is a site for learning, sharing and especially making money.more testimonials »
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. (NASDAQ: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%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.