Railroad operator Union Pacific Corporation (
) 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
The Bottom Line
Shares of Union Pacific (
) 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 (
) 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