OMAHA — Union Pacific Corp. Chairman and Chief Executive Dick Davidson said during an analyst meeting on November 28 in Omaha that he expects future earnings to be better than they were this year, the Omaha World-Herald reports.
Davidson, who said last month during the company’s third-quarter earnings announcement that the economy would remain soft for the last three months of 2001, said Wednesday that revenue in 2002 would grow 1 percent to 3 percent.
Omaha-based Union Pacific Corp., whose Union Pacific Railroad subsidiary is the nation’s largest railroad, posted a 4 percent increase in third-quarter earnings at $1.04 a share.
Zacks Investment Research Inc. estimated year-end earnings at $3.73 for 2001 and at $4.34 for 2002.
Davidson also outlined potential revenue growth of 3 percent to 5 percent between 2003 and 2005.