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Union Pacific quarterly profit falls 4%

01/24/2023 | 07:53am EST
Deadline for railroads to reach tentative deals with unions

(Reuters) - U.S. railroad operator Union Pacific Corp reported a 4% fall for its fourth-quarter profit on Tuesday, hurt by delayed shipments amid labor shortages and adverse weather conditions.

Its net income fell to $1.64 billion, or $2.67 per share, in the quarter ended Dec. 31, from $1.71 billion, or $2.66 per share, a year earlier. Analysts on average had forecast a profit of $2.78, Refinitiv IBES data showed.

(Reporting by Nathan Gomes in Bengaluru; Editing by Milla Nissi)


ę Reuters 2023
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