Investing.com - Union Pacific (NYSE:UNP) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Union Pacific announced earnings per share of $2.01 on revenue of $4.92B. Analysts polled by Investing.com anticipated EPS of $2.05 on revenue of $4.93B.
Union Pacific shares are up 10% from the beginning of the year, still down 5.44% from its 52 week high of $210.95 set on October 16. They are outperforming the S&P 500 which is up 6.34% from the start of the year.
Union Pacific shares lost 2.25% in pre-market trade following the report.
Union Pacific follows other major Transportation sector earnings this month
Union Pacific's report follows an earnings missed by Canadian National Railway on Tuesday, who reported EPS of $1.38 on revenue of $3.41B, compared to forecasts EPS of $1.45 on revenue of $3.48B.
CSX had beat expectations on Wednesday with third quarter EPS of $0.96 on revenue of $2.65B, compared to forecast for EPS of $0.92 on revenue of $2.67B.
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