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June 9, 2020, 9:57 a.m. EDT

Union Pacific sees volume improving since previous guidance; stock falls but outperforms transport peers

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By Tomi Kilgore

Union Pacific Corp. /zigman2/quotes/209717171/composite UNP +0.58% said Tuesday that it was reaffirming previously provided financial guidance for the second quarter, but added an improved outlook for volumes. In a presentation at the Deutsche Bank Annual Global Industrials and Materials Summit, the railroad operator's Chief Financial officer Jennifer Hamann said second-quarter volume is expected to be down closer to 20%, after the company said in its first-quarter report released April 23 that carload volumes were expected to down around 25%. Hamann also said Tuesday that operating ratio for the quarter is not expected to improve. For 2020, the company said it expects to maintain its dividend. The stock fell 1.3% in morning trading, but outperformed the Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT +0.71% , which fell 2.8%. Over the past three months, Union Pacific shares have soared 32.1%, while the Dow transports has climbed 20.9% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.0034% has advanced 14.1%.

/zigman2/quotes/209717171/composite
US : U.S.: NYSE
$ 196.81
+1.14 +0.58%
Volume: 253,636
Sept. 25, 2020 10:36a
P/E Ratio
24.45
Dividend Yield
1.97%
Market Cap
$132.83 billion
Rev. per Employee
$544,047
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/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
11,196.56
+79.08 +0.71%
Volume: 33.22M
Sept. 25, 2020 10:36a
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,814.53
-0.91 -0.0034%
Volume: 88.01M
Sept. 25, 2020 10:36a
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