Union Pacific announced earnings per share of $2.15 on revenue of $5.23B. Analysts polled by Investing.com anticipated EPS of $1.91 on revenue of $5.11B. That with comparison to EPS of $1.93 on revenue of $5.38B in the same period a year before. Union Pacific had reported EPS of $2.02 on revenue of $5.21B in the previous quarter. Analysts are expecting EPS of $1.89 and revenue of $4.92B in the upcoming quarter.
Union Pacific shares are down 18% from the beginning of the year , still down 22.15% from its 52 week high of $188.96 set on January 24. They are under-performing the S&P 500 which is down 13.73% year to date.
Union Pacific shares gained 1.98% in pre-market trade following the report.
Union Pacific’s report follows an earnings beat by CSX on Wednesday, who reported EPS of $1 on revenue of $2.86B, compared to forecasts EPS of $0.94 on revenue of $2.87B.
Old Dominion Freight Line had missed expectations on Thursday with first quarter EPS of $1.11 on revenue of $987.4M, compared to forecast for EPS of $1.12 on revenue of $985.39M.
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