Based in Omaha, NE, Union Pacific Corporation (UNP) is the largest railroad in North America providing rail transportation services across 23 states in the U.S. Union Pacific also connects with Canada's rail systems and is the only railroad, serving all the six major gateways to Mexico.
Union Pacific has an impressive track record having delivered positive earnings surprises in three of the last four quarters, with an average beat of 0.91%.
Zacks Rank: Currently, Union Pacific has a Zacks Rank #3 (Hold), but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Union Pacific beat on earnings. Adjusted Earnings per share came in at $1.61, higher than the Zacks Consensus Estimate of $1.51. Results were aided by increased freight volumes.
Revenue: Revenues of $6.2 billion, marginally ahead of the Zacks Consensus Estimate of $6.1 billion.
Stock Price: Investors were pleased by the earnings beat. Shares prices increased 2.64% at the time of writing in pre-market trading.
Check back later for our full write up on this Union Pacific earnings report later!
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