Union Pacific (UNP) Misses Q1 EPS by 7c

Union Pacific (NYSE: UNP) reported Q1 EPS of $1.30, $0.07 worse than the analyst estimate of $1.37. Revenue for the quarter came in at $5.6 billion versus the consensus estimate of $5.71 billion.

"Union Pacific achieved 9 percent earnings per share growth in the first quarter, as solid core pricing gains were partially offset by a sharp drop in volume," said Lance Fritz, Union Pacific president and chief executive officer. "While we took actions during the quarter to adjust for the volume decline, we did not run an efficient operation. We are taking the steps to align our resources with current demand, while remaining agile in an ever-changing environment."

2015 Outlook

"We've had some challenges to start off the year, but we're taking the steps needed to work through those challenges and realize the opportunities we see ahead," Fritz said. "We expect to see solid improvement in network performance and cost efficiency over the coming months. As we leverage the strengths of our diverse franchise, we continue to be intently focused on safety, service and shareholder returns."

For earnings history and earnings-related data on Union Pacific (UNP) click here.

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