Union Pacific Tops Estimates as Chemical Cargoes Rise
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Union Pacific Corp., the largest U.S. railroad by sales, posted higher fourth-quarter earnings than analysts estimated as shipments of petroleum products and automobiles climbed.
Net income rose 7.5 percent to $1.04 billion, or $2.19 a share, topping the $2.16 average estimate of 27 analysts in a Bloomberg survey. That compares with earnings of $964 million, or $1.99 a share, a year earlier.