Categories AlphaGraphs, Earnings

Union Pacific Q2 profit rises 4%, beats estimates

Union Pacific Corporation (NYSE: UNP) reported a 4% increase in earnings for the second quarter of 2019 helped by lower operating expenses. The bottom line exceeded analysts’ expectations while the top line missed consensus estimates.

Net income increased by 4% to $1.57 billion or $2.22 per share. Operating revenue declined by 1% to $5.6 billion.

The business volume, as measured by total revenue carloads, decreased by 4%. The growth in industrial volumes were more than offset by flat agricultural products shipments as well as declines in energy and premium.

Union Pacific Q2 profit rises 4% beats estimates

Freight revenue decreased by 2% year-over-year, as core pricing gains were offset by lower volumes. Agricultural products increased by 4% and industrial grew by 4%, while premium declined by 2% and energy fell by 13%.

The $2.21 per gallon average quarterly diesel fuel price in the second quarter was 4% lower than the previous year quarter. Quarterly freight car velocity was 195 daily miles per car, a 4% improvement compared to the year-ago period.

Looking ahead into the full year 2019, the company expects capital expenditures of about $3.2 billion. Operating ratio is still expected to be at a sub-61% in 2019. In the second half of 2019, volumes are anticipated to be down around 2%.

Also read: Kansas City Southern Q2 earnings preview

The company looks forward to building on the momentum from Unified Plan 2020. Union Pacific remained focused on driving increased shareholder returns by appropriately investing capital in the railroad and returning excess cash to its shareholders.

In rivals, Kansas City Southern (NYSE: KSU) is scheduled to report its earnings results for the second quarter of 2019 on Friday before the market opens. Analysts expect Kansas City Southern’s earnings to jump by 4.50% to $1.61 per share and revenue will rise by 3.50% to $706.23 million for the second quarter.

Shares of Union Pacific ended Wednesday’s regular session 6.05% at $164.55 on the NYSE. Following the earnings release, the stock advanced over 3% in the premarket session.

Get access to timely and accurate verbatim transcripts that are published within hours of the event.

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Comments

  1. Pingback: Sedation dentistry
  2. Pingback: Grading Policy
  3. Pingback: faretti a binario
  4. Pingback: metanail
  5. Pingback: Fiverr Earn
  6. Pingback: fiverrearn.com
  7. Pingback: fiverrearn.com
  8. Pingback: endopump buy
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: blue frenchie
  12. Pingback: dog accessories
  13. Pingback: future university
  14. Pingback: future university
  15. Pingback: drip chains
  16. Pingback: golf cart mexico
  17. Pingback: bulldogs puppy
  18. Pingback: Fiverr.Com
  19. Pingback: future university
  20. Pingback: six sigma
  21. Pingback: Piano storage
  22. Pingback: Piano tuning
  23. Pingback: FUE
  24. Pingback: Reliable movers
  25. Pingback: Classic Books 500
  26. Pingback: FiverrEarn
  27. Pingback: FiverrEarn
  28. Pingback: FiverrEarn
  29. Pingback: FiverrEarn
  30. Pingback: FiverrEarn
  31. Pingback: Speaker
  32. Pingback: Aussie Porn Stars
  33. Pingback: partners
  34. Pingback: digestive enzymes
  35. Pingback: Political Theory
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: live sex cams
  41. Pingback: FiverrEarn
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: marketing
  48. Pingback: personalized
  49. Pingback: Situs Slot Online
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: cheap sex cams
  54. Pingback: fullersears.com
  55. Pingback: fullersears.com
  56. Pingback: frt trigger
  57. Pingback: Hosting
  58. Pingback: 늑대닷컴
  59. Pingback: Slot Yunani
  60. Pingback: nangs near me
  61. Pingback: superslot
  62. Pingback: allgame
  63. Pingback: 918kiss
  64. Pingback: หวย24
  65. Pingback: pg slot
  66. Pingback: aplikasi slot
  67. Pingback: megagame
  68. Pingback: nangs Sydney

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top