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The net profit of Union Pacific Corp., the largest railway company in North America, fell 4.7 times in 2018 to $1.55 billion, or $2.12 per share. Last year, the company made a profit of $7.28 billion, or $9.25 per share. High performance in 2017 was associated with US tax reform. Union Pacific revenue rose 6% in October-December last year, according to a company press release. Despite the decline in profits, analysts had predicted an even greater decline. Experts had expected a profit of $2.07 and revenue of $5.74 billion. Revenue increased to $5.76 billion. Union Pacific's profitability rate rose to 61.6%. The company increased revenues from the transportation of agricultural products by 5%, industrial products - by 10%, premium products - by 15%. Energy transportation brought the company 8% less revenue than last year. Union Pacific ended 2018 with a profit of $5.97 billion, or $7.91 per share, while last year the figures were $10.7 billion, or $13.36 per share. The company's capitalization grew by 17.5% to $114 billion.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Intel Corp. (INTC.O) announced on Monday that Chief Engineering Officer Murthy Renduchintala would leave the company on August 3. The semiconductor manufacturing company said that it would reorganize its technology, systems architecture, and ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
On Thursday, United Airlines' (UAL.O) and its pilots' union said that they had reached an agreement on two different resolutions to reduce involuntary furloughs in August. The company said that it would keep pilots ready once the global travel ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
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