Emily Dattilo
Shares of Union Pacific were gaining after the railroad easily beat quarterly earnings estimates, but missed on the top line.
Union Pacific stock rose 4.3% to $245.99 in premarket trading Thursday.
For its fourth quarter, Union Pacific earned $2.91 per share, beating Wall Street's call for $2.79, according to FactSet.
Operating revenue of $6.12 billion missed the $6.15 billion estimate, and was down 1% from a year ago. The company cited "lower fuel surcharge revenue, unfavorable business mix, and lower other revenue, partially offset by increased volume and core pricing gains" in the earnings release.
"Our strong fourth-quarter results represent a great capstone to a very successful year for Union Pacific," said CEO Jim Vena. "The team has fully embraced our strategy to lead the industry in safety, service, and operational excellence."
For 2025, Union Pacific says it's on track to achieve investor-day goals. The company sees earnings-per-share growth consistent with attaining the three-year CAGR [compound annual growth rate] target of high-single to low-double digit.
Railroad peer CSX is scheduled to file fourth-quarter earnings after markets close Thursday.
Write to Emily Dattilo at emily.dattilo@dowjones.com
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January 23, 2025 09:15 ET (14:15 GMT)
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