Bulletin
Investor Alert

Market Pulse Archives

July 22, 2021, 8:17 a.m. EDT

Union Pacific stock jumps after record earnings that rose above expectations

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Union Pacific Corp. (UNP)
  • X
    Dow Jones Transportation Average (DJT)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Union Pacific Corp. /zigman2/quotes/209717171/composite UNP -1.79% jumped 2.2% in premarket trading Thursday, after the railroad operator reported record results for the second-quarter, as profit and revenue rose above expectations in the face of continued supply chain disruptions, particularly in the intermodal business. Net income grew to $1.80 billion, or $2.72 a share, from $1.13 billion, or $1.67 a share, in the year-ago period. The FactSet consensus for earnings per share was $2.55. Revenue rose 30% to $5.50 billion, beating the FactSet consensus of $5.36 billion. Bulk revenue rose 19% to $1.65 billion, topping the FactSet consensus of $1.63 billion, while industrial revenue increased 24% to $1.86 billion to beat expectations of $1.82 billion. Total revenue carloads increases 22% to 2.1 million. "The Union Pacific team leveraged volume growth, core pricing gains, and productivity to produce record quarterly results," said Chief Executive Lance Fritz. "As we move into the second half of 2021, we will continue working with our customers and the broader supply chain to increase fluidity and efficiently handle the strong demand for freight transportation." The stock has tacked on 4.3% year to date, while the Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT -1.20% has climbed 17.5% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.78% has gained 13.7%.

/zigman2/quotes/209717171/composite
US : U.S.: NYSE
$ 197.87
-3.60 -1.79%
Volume: 4.37M
Sept. 20, 2021 4:00p
P/E Ratio
22.51
Dividend Yield
2.16%
Market Cap
$131.38 billion
Rev. per Employee
$630,911
loading...
/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
14,096.07
-171.89 -1.20%
Volume: 125.34M
Sept. 20, 2021 5:09p
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
33,970.47
-614.41 -1.78%
Volume: 441.65M
Sept. 20, 2021 5:09p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.