By Conor Coyle
Date: Thursday 19 Jan 2017
LONDON (ShareCast) - (ShareCast News) - Railroad firm Union Pacific Corporation reported its fourth quarter results on Thursday before markets opened, beating analysts' estimates and sending its share price up 5% in early trading.
Union said net income for the final quarter of 2016 was $1.14bn, or $1.39 per share, compared with $1.12bn, or $1.31 per share a year previously.
Analysts had expected earnings per share of $1.33, and the earnings beat sent the stock higher.
Representatives for the company said during a conference call that it was optimistic about 2017 being a positive one for the company.
"Looking to 2017, we are fairly optimistic about some of the macro-economic indicators that drive our core business," Chief Executive Lance Fritz said in a statement.
"Higher energy prices, favorable agricultural markets and improving business and consumer confidence all support a return to positive volume growth this year."
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Currency | US Dollars |
Share Price | $ 222.10 |
Change Today | $ -0.02 |
% Change | -0.01 % |
52 Week High | $256.91 |
52 Week Low | $199.89 |
Volume | 2,130,498 |
Shares Issued | 609.70m |
Market Cap | $135,415m |
RiskGrade | 130 |
Strong Buy | 8 |
Buy | 7 |
Neutral | 10 |
Sell | 0 |
Strong Sell | 0 |
Total | 25 |
Time | Volume / Share Price |
16:00 | 286,806 @ $222.10 |
15:59 | 132 @ $222.11 |
15:59 | 100 @ $222.11 |
15:59 | 100 @ $222.11 |
15:59 | 100 @ $222.11 |
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