Union Pacific Corp. (UNP) has posted an increase in its earnings for the first quarter, surpassing last year's figures as well as outperforming market predictions.
The company's net income reached $1.64 billion, equivalent to $2.69 per share. The previous year, during the same quarter, the company recorded a net income of $1.63 billion, or $2.67 per share.
An average prediction by market analysts, collated by Thomson Reuters, had forecast earnings of $2.52 per share. Notably, such expectations usually exclude any special items.
Despite this positive outcome, the company’s revenue for the quarter experienced a slight dip of 0.5%, falling to $6.03 billion from $6.06 billion last year.
To summarize, Union Pacific Corp.'s earning report (GAAP) indicates:
- Earnings for Q1: Reaching $1.64 billion, compared to $1.63 billion in the previous year.
- EPS for Q1: Standing at $2.69, relative to $2.67 in the comparatively prior year.
- Revenue for Q1: Totaling $6.03 billion, a slight drop from $6.06 billion last year.
