Union Pacific Earnings: Here’s Why Investors Like These Results
Union Pacific Corporation (NYSE:UNP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.67%.
Union Pacific Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 13.41% to $2.03 in the quarter versus EPS of $1.79 in the year-earlier quarter.
Revenue: Rose 3.48% to $5.29 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Union Pacific Corporation reported adjusted EPS income of $2.03 per share. By that measure, the company beat the mean analyst estimate of $1.96. It beat the average revenue estimate of $5.22 billion.
Quoting Management: “Union Pacific achieved record first quarter financial results, leveraging the strengths of our diverse franchise despite significantly weaker coal and grain markets,” said Jack Koraleski, Union Pacific chief executive officer. “We efficiently managed our operations in the face of dynamic volume shifts across the network, as evidenced by our record first quarter operating ratio and customer satisfaction results.”
Key Stats (on next page)…