Categories AlphaGraphs, Earnings, Industrials
Union Pacific Corporation (UNP) reports lower revenues for Q2 2023
Rail transportation company Union Pacific Corporation (NYSE: UNP) announced financial results for the second quarter of 2023, reporting a decline in revenues.
Second-quarter net income was $1.57 billion or $2.57 per share, compared to $1.84 billion or $2.93 per share in the same period of last year.
Operating revenue decreased 5% annually to $5.96 billion, hurt by reduced fuel surcharge revenue, lower volumes, and an unfavorable business mix, which was partially offset by core pricing gains
“We finished the quarter with resource levels more aligned with demand, as we stored excess locomotives, improved recrew rates, and reduced borrowed-out employees,” said Lance Fritz, Union Pacific’s chief executive officer.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Colgate-Palmolive (CL) Q3 2024 Earnings: Key financials and quarterly highlights
Colgate-Palmolive Company (NYSE: CL) reported its third quarter 2024 earnings results today. Net sales increased 2.4% year-over-year to $5 billion. Organic sales grew 6.8%. Net income attributable to Colgate-Palmolive Company was $737
Key takeaways from Southwest Airlines’ (LUV) Q3 2024 earnings report
Shares of Southwest Airlines Co. (NYSE: LUV) were down over 4% on Thursday. The stock has gained 4% over the past three months. The airline reported its earnings results for
HOG Earnings: A snapshot of Harley-Davidson’s Q3 2024 results
Motorcycle manufacturer Harley-Davidson (NYSE: HOG) Thursday reported a sharp fall in sales and net profit for the third quarter of 2024 amid weak demand. Consolidated net income declined to $119