Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Union Pacific Corporation Delivers Solid Q2 Results; Shares Retreat

Source: Union Pacific.

Shares of rail transportation operator Union Pacific (NYSE: UNP  ) fell as much as 1.8% in early Thursday trading after the company reported second-quarter results this morning. After a market-beating 22% gain year-to-date, simply meeting expectations wasn't enough to support the surging stock.

Operating revenue rose 10% year-over-year to $6.0 billion. GAAP earnings jumped 21% higher, stopping at $1.43 per diluted share. The results were exactly in line with analyst estimates.

The number of revenue-generating carloads increased 8% from the year-ago period. The remainder of Union Pacific's growth came from higher revenues per carload.

Five of Union Pacific's reportable divisions recorded low single-digit increases in average revenues per car, with the exception of a 4% decline in the automotive segment.

Agricultural freights led the way with a 19% annual revenue improvement, followed by 16% growth in intermodal and industrial revenues. Coal shipments took the cabooze position at the other end, growing by just 1%.

The company did not provide firm guidance for coming quarters or the full year, but CEO Jack Koraleski offered an "optimistic" view in prepared remarks.

"We are closely monitoring the economic landscape, along with the major drivers across all of our business segments, including the potential impact of weather on grain and coal," Koraleski said. "As the economy gradually continues to improve, the power of our diverse franchise provides business growth opportunities in all of our commodity groups."

Take advantage of this little-known tax "loophole"
Recent tax increases have affected nearly every American taxpayer. But with the right planning, you can take steps to take control of your taxes and potentially even lower your tax bill. In our brand-new special report "The IRS Is Daring You to Make This Investment Now!," you'll learn about the simple strategy to take advantage of a little-known IRS rule. Don't miss out on advice that could help you cut taxes for decades to come. Click here to learn more.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 3042684, ~/Articles/ArticleHandler.aspx, 9/1/2015 12:24:18 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Anders Bylund

Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.

Hypoallergenic. Contains six flavors not found in nature. Believes in coyotes and time as an abstract.

Follow Anders on Twitter, LinkedIn, and Google+.

Today's Market

updated Moments ago Sponsored by:
DOW 16,174.40 -353.63 -2.14%
S&P 500 1,930.76 -41.42 -2.10%
NASD 4,690.86 -85.65 -1.79%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/1/2015 12:08 PM
UNP $84.12 Down -1.62 -1.89%
Union Pacific Corp CAPS Rating: *****