Freight revenue drives Union Pacific profit in 3Q

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OMAHA, Neb. (AP) - Union Pacific is posting earnings that exceed most expectations with freight revenue rising.

The railroad on Thursday reported third-quarter earnings of $1.59 billion, or $2.15 per shares. Industry analysts polled by Zacks Investment Research were expecting per-share earnings of $2.09 per share.

Revenue was $5.93 billion in the period, also beating forecasts.

Shares of Union Pacific Corp. have risen almost 5 percent since the beginning of the year.

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A portion of this story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UNP at https://www.zacks.com/ap/UNP

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