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."
Email this article to a friend
or share it with one of these popular networks:
Currency | US Dollars |
Share Price | $ 234.71 |
Change Today | $ 0.00 |
% Change | 0.00 % |
52 Week High | $256.91 |
52 Week Low | $191.91 |
Volume | 201,595 |
Shares Issued | 609.70m |
Market Cap | $143,104m |
RiskGrade | 130 |
Strong Buy | 10 |
Buy | 6 |
Neutral | 10 |
Sell | 0 |
Strong Sell | 0 |
Total | 26 |
You are here: research