By Katherine Hamilton
Union Pacific shared a relatively flat first-quarter profit and sales, and reaffirmed its full-year outlook despite what it called an uncertain macroeconomic environment.
The railroad company on Thursday posted a profit of $1.63 billion, or $2.70 a share, in the three months ended March 31, compared with $1.64 billion, or $2.69 a share, a year earlier.
Earnings came in just under expectations, as analysts polled by FactSet were expecting $2.74 a share.
Revenue was essentially flat at $6.03 billion. Analysts surveyed by FactSet forecast revenue of $6.07 billion.
Union Pacific reaffirmed its full-year outlook while acknowledging economic uncertainty. Volume is expected to be affected by a mixed economic backdrop and coal demand. There is no change to the company's long-term capital allocation strategy, and earnings per share growth is consistent with its three-year target.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 24, 2025 08:09 ET (12:09 GMT)
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