Union Pacific Q1 2024 Adj EPS $2.69 Beats $2.52 Estimate, Sales $6.00B Beat $5.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
Union Pacific (UNP) reported Q1 2024 adjusted EPS of $2.69, surpassing the $2.52 estimate, with sales of $6.00B exceeding the $5.98B forecast. This represents a slight 0.92% decrease in sales compared to the same period last year.
April 25, 2024 | 11:46 am
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POSITIVE IMPACT
Union Pacific reported a strong Q1 2024 performance with earnings and sales exceeding analyst expectations, despite a minor decrease in sales from the previous year.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can drive the stock price up in the short term. The slight decrease in sales year-over-year is noted but is overshadowed by the positive earnings report.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100