• Union Pacific 4Q profit slips 4% on weather, hiring problems

    13 days ago - By Chron

    OMAHA, Neb. - Union Pacific's fourth-quarter profit slipped 4% as severe winter weather snarled shipments in late December and the railroad continued to struggle to improve its operations enough to handle all the cargo businesses want to ship.
    The Omaha, Nebraska-based railroad said it earned $1.6 billion, or $2.67 per share, in the fourth quarter. That's down from $1.7 billion, or $2.66 per share, a year ago.
    Union Pacific said its revenue grew 8% to $6.2 billion in the quarter as it increased prices, charged more fuel surcharges and delivered 1% more freight, but its expenses were up 14%...
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  • J&J tops 4Q earnings forecasts as profit, revenue slip

    14 days ago - By Chron

    Johnson & Johnson beat earnings expectations in the final quarter of 2022 even as a strong dollar and sinking COVID-19 vaccine sales hurt revenue.
    The health care giant said Tuesday that fourth-quarter earnings slipped 26% to $3.52 billion and revenue declined 4.4% to $23.71 billion.
    Adjusted earnings totaled $2.35 per share.
    Analysts expected earnings of $2.23 per share on $23.9 billion in revenue, according to FactSet.
    For 2023, the company expects adjusted earnings of between $10.40 and $10.60 per share, a range that starts off well above Wall Street expectations.
    Analysts forecast...
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