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0 -0.025576923076923 -0.0176282051282051 -0.0176282051282051 -0.0128205128205128 -0.000833333333333304 -0.0016025641025641 0.00717948717948721
Stock impact report

UPDATE 1-Union Pacific pulls 2020 operating ratio, volume forecast as pandemic concerns deepen [Reuters]

Union Pacific Corporation (UNP) 
Last union pacific corporation earnings: 4/23 08:00 am Check Earnings Report
US:NYSE Investor Relations: up.com/investors
Company Research Source: Reuters
UPDATE 1-Union Pacific pulls 2020 operating ratio, volume forecast as pandemic concerns deepen (Compares with estimates, adds details, shares) April 23 (Reuters) - U.S. railroad operator Union Pacific Corp topped Wall Street estimates for quarterly profit on Thursday, but withdrew its full-year operating ratio and volume forecasts as business shutdowns triggered by the coronavirus crisis weigh on the U.S. economy. The company said it would reduce capital spending in 2020 by $150 million to $200 million and forecast a drop of about 25% in second-quarter volumes. The railroad also warned that improvement in its operating ratio for the second quarter was unlikely. The company had previously expected an operating ratio of about 59% for the full year and had forecast volumes turning slightly positive in 2020. Ratings agency Moody’s has said railroads in North America will face lower demand for freight services in the event of an extended or more widespread outbreak of the coronavirus which Show less Read more
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