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Union Pacific in reverse after earnings

Published 01/25/2018, 09:14 AM
© Reuters.  Union Pacific in reverse after earnings
UNP
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  • Union Pacific (NYSE:UNP) is sharply lower in early trading after missing Q4 EPS estimates by just a penny.
  • The company's operating revenue of $5.45B edged past the consensus estimate of $5.43B on strength in the industrial products and chemicals commodity groups.
  • The operating ratio was 58.7% of sales for the quarter vs. 62.2% a year ago.
  • CEU update: "We are optimistic the economy will favor a number of our market segments leading to another year of positive volume growth. Increased unit volume, combined with inflation plus core pricing and G55-0 productivity initiatives, should result in another year of revenue growth and improved margins."
  • UNP -4.74% premarket to $134.50 as some mixed signals from management on the conference call may be influencing early trading.
  • Previously: Union Pacific misses by $0.01, beats on revenue (Jan. 25)
  • Now read: Hub Group: Cost Inflation Presents Some Short-Term Uncertainty, But 2018 Is Poised For Growth


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