Categories AlphaGraphs, Earnings, Industrials
Union Pacific Corporation (UNP) reports lower revenues and profit for Q3 2023
Rail transportation company Union Pacific Corporation (NYSE: UNP) announced financial results for the third quarter of 2023, reporting a decline in revenues and net profit.
Third-quarter net income was $1.5 billion, or $2.51 per share, compared to $1.9 billion, or $3.05 per share, in the corresponding period of 2022.
Operating revenue decreased 10% annually to $5.9 billion in Q3, hurt by reduced fuel surcharge revenue, lower volumes, and business mix, partially offset by core pricing gains.
“We are aligning the team around our strategy focused on being the best in safety, service, and operational excellence as we drive growth to the railroad. Through our day-to-day actions, we will continue to make improvements as we exit the year,” said Jim Vena, Union Pacific’s chief executive officer.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased
