US Markets

Union Pacific revenue falls 7%

Credit: REUTERS/STAFF

U.S. railroad operator Union Pacific Corp on Thursday reported a 7% fall in revenue, hit by a drop in freight volumes.

Oct 17 (Reuters) - U.S. railroad operator Union Pacific Corp UNP.N on Thursday reported a 7% fall in revenue, hit by a drop in freight volumes.

The Omaha, Nebraska-based company's net income fell to $1.56 billion in the third quarter ended Sept. 30, from $1.59 billion a year earlier.

On a per share basis, the company's earnings rose to $2.22 from $2.15 a year ago.

Total Operating revenue fell to $5.52 billion from $5.93 billion.

(Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Shailesh Kuber)

((Dominic.RoshanKL@thomsonreuters.com;))

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