BUZZ-Union Pacific shares rise as quarterly results beat expectations

Latest Developments

October 22 - **U.S. railway operator Union Pacific (UNP.N) shares rose nearly 2%, at $294

** Benefiting from improved core pricing, the company's third-quarter profit exceeded Wall Street expectations (link), but it warned that rising fuel prices will impact its results

** Middle East tensions pushed up energy prices, increasing transportation companies’ fuel costs and pressuring profit margins across sectors including trucking, logistics, and aviation

** The company said that rising fuel costs worsened its quarterly operating ratio (OR) by 140 basis points, although the ratio still improved by 10 basis points to 59.1%

** The report shows third-quarter adjusted earnings per share were $3.53, higher than analysts’ expectations of $3.47—according to data compiled by London Stock Exchange Group (LSEG)

** Its quarterly operating revenue was $7.2 billion, compared to $6.24 billion a year earlier. Analysts expected $7.13 billion

**Including intraday fluctuations, the stock is up 27% year-to-date

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