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Union Pacific Q1 Profit Jumps 35%, Beating View (UNP)

By Dividend.com,  April 19, 2012, 10:05:13 AM EDT

Railroad operator Union Pacific Corporation ( UNP ) said Thursday that its first quarter profit grew 35% from last year on higher revenue.

The Omaha-based company reported first quarter net income of $863 million, or $1.79 per share, compared with $639 million, or $1.29 per share, in the year-ago period.

Revenue rose 14% from last year to $5.11 billion.

On average, Wall Street analysts expected a smaller profit of $1.64 per share, on lower revenue of $4.98 billion.

Union Pacific posted small losses in morning trading Thursday.

The Bottom Line
Shares of Union Pacific ( UNP ) have a 2.19% dividend yield, based on last night's closing stock price of $109.65. The stock has technical support in the $104-$105 price area. If the shares can firm up, we see overhead resistance around the $115-$116 price levels.

Union Pacific Corporation ( UNP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: UNP



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