Union Pacific gains after record profit on higher volumes
+3.55% to $298.09 from $287.87
What moved UNP
- Union Pacific reported third-quarter net income of $2.1 billion, up 16% year-over-year, with adjusted diluted EPS of $3.53 topping estimates by $0.05.
- Revenue rose 15% to about $7.2 billion, driven by 6% volume growth, higher fuel surcharges, and core pricing gains.
- The adjusted operating ratio was 58.8%, with higher fuel prices weighing on margins by about 140 basis points.
- The results renewed investor focus on the sustainability of Union Pacific’s dividend amid ongoing fuel-cost pressure.
Sources: Investing.com · GuruFocus