Union Pacific reported earnings that beat expectations before the bell on Thursday.
The company also revealed revenue was better-than-anticipated, despite service disruptions from Hurricane Harvey that cut the railroad's performance in the last couple of months.
Expectations vs. results
- EPS: $1.50 per share vs. $1.49 per share expected by a Thomson Reuters survey of analysts.
- Revenue: $5.41 billion vs. $5.33 billion expected by Thomson Reuters.
Average revenue per car, a key metric for railroads, increased 5 percent from the same period last year.
Shares of Union Pacific climbed nearly 2 percent in midday trading.