offline
Union Pacific (UNP) Q2 Earnings Top & Rise Y/Y, Stock Up
United Pacific Corporation’s UNP second-quarter 2019 earnings of $2.22 per share surpassed the Zacks Consensus Estimate by 10 cents. The bottom line also increased 12.1% on a year-over-year basis primarily due to lower costs. This outperformance on the earnings front seems to have found favor with investors. As a result, the stock gained in pre-market trading.
Operating revenues came in at $5,596 million, which edged past the Zacks Consensus Estimate of $5,576.7 million. The figure, however, decreased 1.3% year over year due to sluggish freight revenues (down 2%). The year over year decline was due to a 4% reduction in business volumes, measured by total revenue carloads. Notably, bulk of revenues (93.6%) at Union Pacific was derived from freight in the reported quarter.
Operating income in the second quarter increased 8% year over year to $2.3 billion.
....
https://finance.yahoo.com/news/union-pac...05628.html
![[Bild: UNPc1dl0834.png]](https://finviz.com/publish/071919/UNPc1dl0834.png)
United Pacific Corporation’s UNP second-quarter 2019 earnings of $2.22 per share surpassed the Zacks Consensus Estimate by 10 cents. The bottom line also increased 12.1% on a year-over-year basis primarily due to lower costs. This outperformance on the earnings front seems to have found favor with investors. As a result, the stock gained in pre-market trading.
Operating revenues came in at $5,596 million, which edged past the Zacks Consensus Estimate of $5,576.7 million. The figure, however, decreased 1.3% year over year due to sluggish freight revenues (down 2%). The year over year decline was due to a 4% reduction in business volumes, measured by total revenue carloads. Notably, bulk of revenues (93.6%) at Union Pacific was derived from freight in the reported quarter.
Operating income in the second quarter increased 8% year over year to $2.3 billion.
....
https://finance.yahoo.com/news/union-pac...05628.html
__________________
