UPDATE: Union Pacific Reports 10% Surge In Q2 Profit

Union Pacific Corp UNP reported a 10% rise in its second-quarter profit. Union Pacific's quarterly profit rose to $785 million, or $1.59 per share, from $711 million, or $1.40 per share, in the year-ago period. Its revenue climbed 16% to $4.86 billion. Analysts were expecting a profit of $1.58 per share on revenue of $4.74 billion. Its operating margin narrowed to 28.7% from 30.6%. UNP shares closed at $99.83 yesterday.