shares of union pacific corp unp shed 10 in premarket trading tuesday after the railroad operator reported fourthquarter profit and revenue that came up shy of wall street expectations as continued challenges in hiring inflation and extreme winter weather were weighed against growth in carloads net income fell to 164 billion or 267 a share from 171 billion or 266 a share in the yearago period as the number of shares outstanding was reduced by 44 the fact set consensus for earnings per share was 277 revenue grew 78 to 618 billion but was below the factset consensus of 628 billion operating expenses jumped 144 to 377 billion as compensation and benefits rose 97 to 117 billion fuel soared 429 to 853 million and purchased services and materials increased 177 to 633 million business volume increased 1 and operating ratio deteriorated by 36 percentage points to 610 compared with the factset consensus of 597 for 2023 the company expects operating ratio improvement and carloads to exceed industrial production the stock has gained 86 over the past three months through monday while the dow jones transportation average djt has rallied 115 and the dow jones industrial average djia has advanced 68