Investing.com - Union Pacific (NYSE:UNP) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.12 on revenue of $5.76B. Analysts polled by Investing.com anticipated EPS of $2.06 on revenue of $5.74B. That compared to EPS of $1.53 on revenue of $5.45B in the same period a year earlier. The company had reported EPS of $2.15 on revenue of $5.93B in the previous quarter.
Union Pacific shares gained 3.71% to trade at $160.06 in pre-market trade following the report.
For the year, Union Pacific shares are up 11.65%, outperforming the S&P 500 which is up 6.93% year to date.
Union Pacific follows other major Transportation sector earnings this month
On Wednesday, January 16, 2019, CSX reported fourth quarter EPS of $1.01 on revenue of $3.14B, compared to forecasts of EPS of $0.99 on revenue of $3.12B.
Delta Air Lines earnings beat analyst's expectations on Tuesday, January 15, 2019, with fourth quarter EPS of $1.3 on revenue of $10.74B. Investing.com analysts expected EPS of $1.28 on revenue of $10.72B
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