(Reuters circulated the following article on January 19.)
CHICAGO — Union Pacific, the largest U.S. railroad, on Thursday reported that earnings in the fourth quarter more than tripled on the year, citing higher margins, increased efficiency and fuel surcharges.
Earnings rose to $296 million, or $1.10 per share in the fourth quarter, compared with $79 million, or 58 cents per share a year earlier.
Analysts, on average, expected profits of 99 cents per share, according to Reuters Estimates.
When reporting third-quarter earnings in October, Union Pacific representatives predicted earnings per share of 95 cents to $1 for the fourth quarter.