Union Pacific Stock Is Up After Q1 Results: Here's Why
Portfolio Pulse from Erica Kollmann
Union Pacific Corporation (NYSE:UNP) shares rose after reporting Q1 earnings of $2.69 per share, surpassing the consensus estimate of $2.52. Sales reached $6 billion, slightly above the $5.98 billion estimate. The increase was attributed to core pricing gains and business mix, despite a decline in fuel surcharge revenue and volume. CEO Jim Vena highlighted the company's strong financial performance and operational excellence. Union Pacific anticipates continued profitability and plans to restart share repurchases in Q2.
April 25, 2024 | 6:27 pm
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Union Pacific Corporation reported higher than expected Q1 earnings and sales, leading to a stock price increase. The company plans to restart share repurchases in Q2.
Union Pacific's Q1 earnings beat and positive sales report, coupled with the announcement of restarting share repurchases, likely contributed to investor optimism, driving the stock price up. The company's strong performance and positive outlook indicate potential for continued growth, making this news highly relevant and important to investors.
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