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Union Pacific 4Q delivery volume falls, so does its profit

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Posted at 1:07 PM, Jan 23, 2020
and last updated 2020-01-23 14:07:54-05

OMAHA, Neb. (AP) — Union Pacific's fourth-quarter profit fell 10% as the railroad hauled 11% less freight. The Omaha, Nebraska, railroad said Thursday that it earned $1.4 billion, or $2.02 per share, in the quarter.

That's down from $1.55 billion, or $2.12 per share, a year earlier. The results fell short of Wall Street expectations. The analysts surveyed by Zacks Investment Research expected earnings of $2.03 per share on average.

The railroad's revenue fell 9% to $5.21 billion in the period. Four analysts surveyed by Zacks expected $5.17 billion.