Union Pacific Stock Falls Over 4% After Q3 Earnings Miss, Reaffirms 2024 Outlook
Portfolio Pulse from Akanksha Bakshi
Union Pacific Corporation's stock fell over 4% after reporting Q3 earnings that missed expectations. Despite a 3% revenue growth and a 10% increase in EPS, the results fell short of consensus estimates. The company reaffirmed its strong 2024 outlook, driven by network efficiency and solid pricing.
October 24, 2024 | 2:50 pm
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Union Pacific's Q3 earnings missed expectations, causing a 4% drop in stock price. Despite revenue and EPS growth, results were below consensus. The company maintains a strong 2024 outlook.
Union Pacific's Q3 earnings report showed growth in revenue and EPS, but both metrics missed analyst expectations, leading to a 4% drop in stock price. The reaffirmation of a strong 2024 outlook may mitigate long-term concerns, but the immediate market reaction is negative due to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100