Thursday, January 22, 2015

UP 4Q earnings beat Street

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Union Pacific said Thursday, Jan. 22, 2015 its fourth-quarter net earnings totaled $1.41 billion, or $1.61 per share, handily beating Wall Street consensus analyst expectations of $1.51 per share.

Revenue of $6.15 billion, up 9% from 2013's fourth quarter, also beat Street expectations of $6.10 billion. UP attributed the revenue increase to gains in its Industrial Products and Intermodal sectors.

UP said its operating ratio for the quarter was 61.4%, an improvement of 360 basis points from the ratio in the fourth quarter of 2013.

Said UP CEO Jack Koraleski, "Union Pacific achieved record quarterly financial results, driven by strong volumes, solid core pricing and productivity gains."

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