Union Pacific Corporation (NYSE: UNP) reported better-than-expected fourth-quarter financial results on Thursday.
Union Pacific reported a fourth-quarter FY23 operating revenue of $6.159 billion, beating the consensus of $6.05 billion. EPS was $2.71 (+1% Y/Y), beating the consensus of $2.57, according to data from Benzinga Pro.
For 2024, Union Pacific said its volume outlook muted by international intermodal business loss, lower coal demand, and soft economic conditions. The company anticipates capital plan of $3.4 billion.
"The team continues to execute our multi-year strategy to be the industry's best in safety, service, and operational excellence," said Jim Vena, Union Pacific Chief Executive Officer. "Our fourth quarter ...