Union Pacific Corporation (UNP) Releases Earnings Results, Beats Expectations By $0.06 EPS

Union Pacific Corporation (UNP) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $1.16 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $1.10. The company posted revenue of $4829.00 million in the period, compared to analysts expectations of $4887.49 million. The company’s revenue was down -14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS.

Many Wall Street Analysts have commented on Union Pacific Corporation. Shares were Downgraded by UBS on Apr 18, 2016 to ” Neutral” and Lowered the Price Target to $ 88 from a previous price target of $89 .Union Pacific Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 23, 2016. Union Pacific Corporation was Upgraded by BofA/Merrill to ” Buy” on Feb 22, 2016.

Union Pacific Corporation closed down -0.33 points or -0.41% at $80.88 with 73,48,247 shares getting traded on Monday. Post opening the session at $79.98, the shares hit an intraday low of $78.62 and an intraday high of $82.04 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 14, 2016, Richards Judith Hope (director) sold 4,000 shares at $81.15 per share price. According to the SEC, on Feb 25, 2016, Andrew H Jr Card (director) purchased 1,000 shares at $78.98 per share price. On Dec 10, 2015, Michael W Mcconnell (director) sold 2,070 shares at $77.51 per share price, according to the Form-4 filing with the securities and exchange commission.

Union Pacific Corporation operates through its principal operating company Union Pacific Railroad Company. The Company is a Class I railroad operating in the United States which has 31974 route miles and maintains coordinated schedules with other rail carriers to move freight. It links 23 states in the western two-thirds of the country by rail providing a supply chain link around the world. Its business mix includes agricultural products automotive chemicals coal industrial products and intermodal. The Company serves United States population centers operates from West Coast and Gulf Coast ports to eastern gateways connects with Canada’s rail systems and serves six Mexico gateways. The Company’s freight traffic consists of bulk manifest and premium business.

Union Pacific Corporation

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