Union Pacific Reports Mixed Q2 Results, Projects Uncertain Volume Outlook For Second Half
Portfolio Pulse from Akanksha Bakshi
Union Pacific Corporation (NYSE:UNP) reported mixed Q2 2024 results with operating revenue of $6.01 billion, missing the consensus of $6.06 billion. EPS beat expectations at $2.74. The company projects an uncertain volume outlook for the second half of 2024 but remains optimistic about profitability. UNP plans to repurchase $1.5 billion in shares and has increased its quarterly dividend by 3%.
July 25, 2024 | 3:51 pm
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Union Pacific reported mixed Q2 2024 results with operating revenue of $6.01 billion, missing expectations, but EPS beat at $2.74. The company projects an uncertain volume outlook for the second half of 2024 but remains optimistic about profitability. UNP plans to repurchase $1.5 billion in shares and has increased its quarterly dividend by 3%.
The mixed Q2 results with a revenue miss but EPS beat create a neutral short-term impact. The uncertain volume outlook for H2 2024 adds to the uncertainty, but the dividend increase and share repurchase plan provide some positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100