Union Pacific's fourth-quarter profit up 24%
Union Pacific's fourth-quart...
Subscribe to Newsletter

Union Pacific's fourth-quarter profit up 24%

20 January 2022
7933
1 min.
2
Union Pacific's fourth-quarter profit up 24%

Company report

Union Pacific (UP) today reported fourth-quarter results that beat analysts' estimates. The earnings figure exceeded forecasts.

The company reported earnings per share of $2.66 and revenues of $5.73B. However, analysts had projected earnings per share of $2.62 and total revenue of $5.62B.

Shares of Union Pacific were up 3.30% trading at $247.40 in pre-market, according to the report.

Union Pacific (UP) moved 4% lower in the fourth quarter as a shortage of computer chips continued to hurt auto production and supply chain problems hampered shipments of imported containers of goods.

UP Chief Executive Officer Lance M. Fritz said: "While there remains uncertainty over COVID options and supply chain disruptions, we see a positive demand environment in 2022 and continued support for business development efforts driving growth."

Union Pacific's share price has fallen 4% since the start of the year and the S&P 500 has fallen 4% this year.

The company's expectations

Union Pacific expects freight volumes to grow faster than industrial production this year, which it expects to grow by 4.8%.

The railway plans to spend $3.3 billion on capital improvements to its network of 32,400 miles of track in 23 western states as it invests more in development. UP spent about $3 billion a year ago.

Persons1 and Companies1 in the news

Chairman, President and CEO of the Union Pacific Railroad
1 place
Section:
Rating companies
Instagram
17 Mention
Netflix
17 Mention
X (Twitter)
11 Mention
Amazon
8 Mention
TikTok
8 Mention
Tesla
8 Mention
White House
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8165775553
Died this year
50648295
Born this year
124603770