Union Pacific Q2 Profit Rises 10%, Beating View (UNP)

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Railroad operator Union Pacific Corporation ( UNP ) on Thursday posted better-than-expected second quarter earnings as shipping volumes increased.

The Omaha, NE-based company reported second quarter net income of $785 million, or $1.59 per share, compared with $711 million, or $1.40 per share, in the year-ago period.

Revenue rose 16% from last year to $4.86 billion.

On average, Wall Street analysts expected a slightly smaller profit of $1.58 per share, on lower revenue of $4.74 billion.

Union Pacific shares rose $1.49, or +1.5%, in premarket trading Thursday.

The Bottom Line
Shares of Union Pacific ( UNP ) have a 1.90% dividend yield, based on last night's closing stock price of $99.83. The stock has technical support in the $92-$95 price area. The stock is approaching all-time high levels of $105-$107 a share.

Union Pacific Corporation ( UNP ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks


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