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updated: 4/17/2014 9:01 AM

Union Pacific railroad's 1Q profit up 14 percent

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  • The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments.

      The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments.
    Associated Press

 
Associated Press

OMAHA, Neb. -- The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments.

The Omaha, Neb.-based railroad said Thursday that it generated $1.09 billion net income, or $2.38 per share, in the first quarter. That's up from $957 million, or $2.03 per share, a year ago.

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Union Pacific's revenue grew 7 percent to $5.64 billion.

Analysts surveyed by FactSet expected Union Pacific to report earnings per share of $2.37 on $5.7 billion revenue.

Union Pacific appeared to handle the weather challenges better than eastern railroad CSX, which reported a 14 percent drop in quarterly profit earlier this week.

Union Pacific Corp. operates 32,400 miles of track in 23 states from the Midwest to the West and Gulf coasts.

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