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Union Pacific announced earnings per share of $2.93 on revenue of $6.27B. Analysts polled by Investing.com anticipated EPS of $2.87 on revenue of $6.15B.
Union Pacific shares are down 14% from the beginning of the year, still down 23.12% from its 52 week high of $278.94 set on March 31. They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Union Pacific shares gained 2.08% in pre-market trade following the report.
Union Pacific’s report follows an earnings missed by Lockheed Martin on Tuesday, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $6.34 on revenue of $15.99B.
CSX had beat expectations on Wednesday with second quarter EPS of $0.54 on revenue of $3.82B, compared to forecast for EPS of $0.4682 on revenue of $3.65B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
