By Allison Prang
Union Pacific Corp.'s revenue and profit slumped in the third quarter compared to the comparable period for 2019.
The company's net income was $1.36 billion, or $2.01 a share, down from $1.56 billion, or $2.22 a share, a year ago. Earnings missed analysts' consensus according to FactSet.
Operating revenue was $4.92 billion, down 11%. According to FactSet, analysts expected $4.93 billion.
Third-quarter volume rose 19% from the second quarter, Chief Executive and President Lance Fritz said in prepared remarks.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
10-22-20 0828ET