— Union Pacific Corporation (NYSE: UNP) reported its fourth-quarter 2019 earnings of $2.02 per share versus $2.04 per share expected.
— Operating revenue fell by 9% to $5.21 billion versus $5.22 billion expected.
— Freight revenue declined by 10% as core pricing gains and a positive business mix were offset by lower volumes and decreased fuel surcharge revenue.
— Segment-wise, the company experienced a fall in freight revenue as agricultural products declined by 2%, the premium dropped by 14% and energy fell by 25% while industrial were flat.
— The business volume, as measured by total revenue carloads, decreased by 11%. Industrial volumes were flat compared to 2018, while agricultural products, premiums, and energy shipments declined.
— For the full year 2020, the company expects base capital of $2.95 billion, plus $150 million for siding extensions.
Micron Technology Inc. (NASDAQ: MU) reported third quarter 2022 earnings results today. Revenue increased 16% year-over-year to $8.64 billion. GAAP net income was $2.63 billion, or $2.34 per share, compared
Shares of Constellation Brands Inc. (NYSE: STZ) were down 4% on Thursday despite the company beating expectations on its first quarter 2023 earnings results. The stock has dropped 7% year-to-date.
Constellation Brands, Inc. (NYSE: STZ) reported first quarter 2023 earnings results today. Net sales increased 17% year-over-year to $2.3 billion. Net income attributable to CBI was $390 million, or $2.06