Union Pacific rises on quarterly earnings beat

Union Pacific

Yesterday 15:11

Updates
** Shares of US railroad operator Union Pacific UNP.N rise nearly 2% to $294 
** Co beats Wall Street estimates for third-quarter profit, helped by core pricing gains, but flags a hit from higher fuel prices
** The Middle East conflict has pushed energy prices higher, increasing fuel costs for transportation companies and putting pressure on margins across sectors, including trucking, logistics and aviation
** Co says higher fuel costs hurt its operating ratio (OR) by 140 basis points during the quarter, although the ratio improved by 10 basis points to 59.1%
** Reports Q3 adjusted profit per share of $3.53, above analysts' estimates of $3.47 — data compiled by LSEG
** Its quarterly operating revenue came in at $7.2 billion, compared with $6.24 billion from a year earlier. Analysts expected $7.13 billion
** Including session moves, stock up 27% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))