Union Pacific falls on fuel cost concerns despite quarterly earnings beat

By Reuters News

** Shares of US railroad operator Union Pacific UNP.N fall nearly 2% to $282 premarket

** Co beats Wall Street estimates for third-quarter profit, helped by core pricing gains, but flagged a hit from higher fuel prices

** The Middle East conflict has pushed energy prices higher, increasing fuel costs for transportation companies and putting pressure on margins across sectors, including trucking, logistics and aviation

** Co says higher fuel costs hurt its operating ratio (OR) by 140 basis points during the quarter, although the ratio improved by 10 basis points to 59.1%

** Reports Q3 adjusted profit per share of $3.53, above analysts' estimates of $3.47 - data compiled by LSEG

** Its quarterly operating revenue came in at $7.2 billion, compared with $6.24 billion from a year earlier. Analysts expected $7.13 billion

** As of last close, stock up ~25% YTD

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