Union Pacific Earnings: Here’s Why Shares are Down Now
Union Pacific Corporation (NYSE:UNP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.27%.
Union Pacific Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.86% to $2.37 in the quarter versus EPS of $2.10 in the year-earlier quarter.
Revenue: Rose 4.77% to $5.47 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Union Pacific Corporation reported adjusted EPS income of $2.37 per share. By that measure, the company beat the mean analyst estimate of $2.35. It missed the average revenue estimate of $5.5 billion.
Quoting Management: “Union Pacific achieved record financial milestones this quarter,” said Jack Koraleski, Union Pacific chief executive officer. “We managed our network efficiently and continued to show the agility of our strong franchise. When combined with solid core pricing gains, we more than offset the slight shortfall in volumes to generate best-ever quarterly earnings and operating ratio performance.”
Key Stats (on next page)…