By Conor Coyle
Date: Thursday 19 Jan 2017
LONDON (ShareCast) - (ShareCast News) - Railroad firm Union Pacific Corporation reported its fourth quarter results on Thursday before markets opened, beating analysts' estimates and sending its share price up 5% in early trading.
Union said net income for the final quarter of 2016 was $1.14bn, or $1.39 per share, compared with $1.12bn, or $1.31 per share a year previously.
Analysts had expected earnings per share of $1.33, and the earnings beat sent the stock higher.
Representatives for the company said during a conference call that it was optimistic about 2017 being a positive one for the company.
"Looking to 2017, we are fairly optimistic about some of the macro-economic indicators that drive our core business," Chief Executive Lance Fritz said in a statement.
"Higher energy prices, favorable agricultural markets and improving business and consumer confidence all support a return to positive volume growth this year."
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Currency | US Dollars |
Share Price | $ 226.04 |
Change Today | $ 2.00 |
% Change | 0.89 % |
52 Week High | $254.42 |
52 Week Low | $208.27 |
Volume | 3,237,288 |
Shares Issued | 604.24m |
Market Cap | $136,583m |
Beta | 0.72 |
RiskGrade | 130 |
Strong Buy | 8 |
Buy | 6 |
Neutral | 12 |
Sell | 0 |
Strong Sell | 0 |
Total | 26 |
Time | Volume / Share Price |
15:59 | 167 @ $225.92 |
15:59 | 189 @ $225.91 |
15:59 | 100 @ $225.95 |
15:59 | 100 @ $225.96 |
15:59 | 100 @ $225.98 |
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