Union Pacific Q3: 10% Revenue Decline, Lower Volumes, Inflationary Pressures & More
Portfolio Pulse from Akanksha Bakshi
Union Pacific Corporation reported a 10% YoY decline in Q3 FY23 operating revenue to $5.941 billion, missing the consensus of $5.99 billion. The decrease was due to reduced fuel surcharge revenue, lower volumes, and business mix, partially offset by core pricing gains. EPS was $2.51, beating the consensus of $2.44. The company expects softness in consumer-related volumes to likely drive full-year volume expectations below Industrial Production. UNP shares are trading higher by 2.81% at $211.70.

October 19, 2023 | 2:41 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Union Pacific's Q3 revenue fell 10% YoY, missing expectations. However, EPS beat consensus. The company expects full-year volume to be below Industrial Production. Despite the mixed results, UNP shares are up.
Union Pacific's Q3 results were mixed with revenue missing expectations but EPS beating consensus. The company's outlook for full-year volume is also lower than Industrial Production. Despite these, the stock is trading higher, indicating that the market may have already priced in the negative news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100