- 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
Original article