(Reuters) -Union Pacific reported a fourth-quarter profit on Thursday that rose 7% on the back of higher grain and fertilizer shipments and core pricing gains, sending the railroad operator's shares up more than 4% before the bell.

Union Pacific on Thursday posted a better-than-expected profit for the fourth quarter helped by improving volumes and robust pricing, which was partially offset by lower fuel surcharge and less profitable cargo mix.

Union Pacific’s profits rose in the fourth quarter as volume increased 5% and operating costs fell. “Our strong fourth quarter results represent a great capstone to a very successful year for Union Pacific,

Railroad operator Union Pacific reported a 7% increase in fourth-quarter profit on Thursday, helped by more grain and fertilizer shipments and core pricing gains. The company posted a net income of $1.

Union Pacific Corp (UNP) shares were in the spotlight on Friday after brokerages raised their price targets for the stock. According to The Fly, Raymond James raised the firm's price target on Union Pacific to $285 from $265 while keeping a ‘Strong Buy’ rating on the shares.