Union Pacific profit rises 6.2 percent

[April 18, 2019]  (Reuters) - Union Pacific Corp on Thursday reported a 6.2 percent rise in quarterly profit, as the U.S. railroad raised prices, helping offset the impact of severe winter weather and record flooding that damaged rails in the Midwest.

The Omaha, Nebraska-based company's net income rose to $1.4 billion, or $1.93 per share, in the first-quarter ended March 31 from $1.31 billion, or $1.68 per share, a year earlier.

Total operating revenue fell to $5.4 billion from $5.5 billion.

(Reporting by Rachit Vats in Bengaluru)

[© 2019 Thomson Reuters. All rights reserved.]

Copyright 2019 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.