Union Pacific's Earnings Miss Expectations Despite 9% Profit Growth

The railroad's increased shipments and cost-cutting measures were overshadowed by lower-than-expected revenue and earnings per share.

Union Pacific reported a 9% increase in third-quarter profit, earning $1.67 billion, or $2.75 per share.
Despite profit growth, the company's earnings per share fell short of Wall Street expectations, leading to a drop in stock price.
The railroad experienced a 6% increase in freight volume, driven by a surge in West Coast imports, though revenue per car was lower for intermodal shipments.
Union Pacific's revenue rose 2.5% year-over-year to $6.09 billion, slightly below analyst predictions.
CEO Jim Vena highlighted operational improvements and cost reductions, including a 13% decrease in fuel costs, as factors supporting future profitability.