Railroad operator Union Pacific Corporation (UNP) on Thursday posted mixed fiscal fourth quarter earnings results, as shipments of automobiles and chemicals increased, while coal shipments continued to decline.
The Omaha-based company reported fiscal fourth quarter net income of $1 billion, or $2.19 per share, compared with $964 million, or $1.99 per share, in the year-ago period.
Revenue rose 3% from last year to $5.25 billion.
On average, Wall Street analysts expected a smaller profit of $2.16 per share, albeit on higher revenue of $5.3 billion.
Union Pacific shares fell $1.40, or -1%, in premarket trading Thursday.
The Bottom Line
Shares of Union Pacific (UNP) have a 2.04% dividend yield, based on last night’s closing stock price of $135.35. The stock has technical support in the $125-$128 price area. The shares are trading at all-time highs.
Union Pacific Corporation (UNP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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