Investing.com - Union Pacific (NYSE:UNP) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Union Pacific announced earnings per share of $2.93 on revenue of $6.27B. Analysts polled by Investing.com anticipated EPS of $2.87 on revenue of $6.15B.
Union Pacific shares are down 14% from the beginning of the year and are trading at $218.92 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Union Pacific shares gained 2.08% in pre-market trade the report.
Union Pacific follows other major Industrials sector earnings this month
Union Pacific's report follows an earnings missed by Lockheed Martin on Tuesday, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $6.34 on revenue of $15.99B.
CSX had beat expectations on Wednesday with second quarter EPS of $0.54 on revenue of $3.82B, compared to forecast for EPS of $0.4682 on revenue of $3.65B.
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