Union Pacific 1Q Earnings Snapshot

OMAHA, Neb. (AP) _ Union Pacific Corp. (UNP) on Thursday reported first-quarter profit of $1.39 billion.On a per-share basis, the Omaha, Nebraska-based company said it had net income of $1.93.The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.The railroad posted revenue of $5.38 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $5.48 billion.Union Pacific shares have increased 23 per cent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 16 per cent. The stock has climbed 23 per cent in the last 12 months._____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/UNPThe Associated Press read more