Union Pacific Reports Second Quarter 2020 Results
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Go back to Union Pacific Reports Second Quarter 2020 Results
July 23, 2020 3:47 PM EDT
Stephens analyst Justin Long raised the price target on Union Pacific (NYSE: UNP) to $196.00 (from $185.00) while maintaining a Overweight rating.
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July 23, 2020 1:37 PM EDT
Cowen analyst Jason H. Seidl raised the price target on Union Pacific (NYSE: UNP) to $193.00 (from $169.00) while maintaining an Outperform rating.
The analyst commented, "Cost reduction efforts led to a 2Q EPS beat even after removing a real estate sale, though... More
July 23, 2020 8:03 AM EDT
Union Pacific (NYSE: UNP) reported Q2 EPS of $1.67, $0.12 better than the analyst estimate of $1.55. Revenue for the quarter came in at $4.24 billion versus the consensus estimate of $4.37 billion.
Second Quarter Summary
Operating revenue of $4.2 billion was down 24 percent in second quarter 2020, compared to second quarter 2019. Second quarter business volumes, as measured by total revenue carloads, decreased 20 percent compared to 2019. Volumes for all three business teams bulk, industrial, and premium declined in the quarter due to the deteriorating...
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