08:44 AM EDT, 04/25/2024 (MT Newswires) -- Union Pacific ( UNP ) reported Q1 earnings Thursday of $2.69 per diluted share, up from $2.67 a year earlier.

Analysts polled by Capital IQ expected $2.53.

Operating revenue for the quarter ended March 31 was $6.03 billion, compared with $6.06 billion a year earlier. Analysts surveyed by Capital IQ expected $5.98 billion.

For 2024, the US railroad operator said its "profitability outlook [is] gaining momentum with strong service product, improving network efficiency, and solid pricing".

The company's shares rose 4.8% in Thursday premarket activity.

Price: 242.45, Change: +10.47, Percent Change: +4.51