US Stock Market Move | Q4 profits exceed expectations, shares of Union Pacific (UNP.US) rise by over 5%.

On Thursday, shares of The Pacific (UNP.US) rose over 5%, reaching a new high since November 6th at $248.52. On the news front, the company reported revenue of $6.1 billion in the fourth quarter, a 1% decrease year-on-year, mainly due to a decrease in fuel surcharge revenue, unfavorable business mix, and other income reductions. However, the increase in sales and core prices offset some of this impact. In addition, in the fourth quarter, net profit was $1.8 billion, equivalent to diluted earnings per share of $2.91, exceeding the expected value of $2.79. This performance includes $40 million in labor costs due to the approval of crew personnel deployment agreements. In comparison, net profit for the fourth quarter of 2023 was $1.7 billion, with diluted earnings per share of $2.71.