- Union Pacific (NYSE:UNP) -1.2% premarket after issuing Q3 earnings and revenue guidance below Wall Street expectations, citing mild weather and an uncertain economic environment.
- UNP sees Q3 EPS of $2.45-2.48 on 4%-5% operating revenue growth vs. consensus estimates of a $2.56 profit on 7% revenue growth.
- Core pricing was 3.5%, below the 4% Y/Y increase achieved in each of the last two quarters, attributable to a less favorable commodity mix including lower coal shipments.
- Other rail stocks could come under pressure today: NSC, CSX, KSU, CP, CNI, GWR.
Union Pacific issues muted Q3 outlook
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| Symbol | Last Price | % Chg |
|---|---|---|
| UNP | - | - |
| Union Pacific Corporation | ||