Union Pacific railroad reports 1Q profit Thursday

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News,Business,Transportation,Railroads

OMAHA, Neb. (AP) — Union Pacific will report its first-quarter earnings Thursday and discuss how much the severe winter affected operations.

Union Pacific is the second major railroad to release results this week. CSX said Tuesday that winter weather contributed to a 14 percent drop in quarterly profit and snarled rail traffic.

Analysts surveyed by FactSet expected Union Pacific to report earnings per share of $2.37 on $5.702 billion revenue.

Union Pacific reported net income of $957 million, or $2.03 per share, on $5.29 billion revenue in last year's quarter.

Omaha, Neb.-based Union Pacific operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.

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