5 Notable Earnings Reports to Watch

4. Union Pacific Corporation (NYSE:UNP)

Number of Hedge Fund Holders: 63

Shares of Union Pacific Corporation (NYSE:UNP) slightly moved up in the pre-market trading session on Thursday, January 20, 2022, after announcing better-than-expected financial results for the fourth quarter.

Union Pacific Corporation (NYSE:UNP) earned $2.66 per share for the quarter, up from $2.05 per share in the comparable period of 2020. Revenue jumped 11.5 percent on a year-over-year basis to $5.73 billion, as the company benefitted from higher shipments during the quarter. The results exceeded analysts’ average estimate of $2.61 per share for earnings and $5.60 billion for revenue.

Speaking on the results, CEO of Union Pacific Corporation (NYSE:UNP), Lance Fritz, said:

“Although uncertainty remains around COVID variants and supply chain disruptions, we see a positive demand environment in 2022 and continued traction from business development efforts driving growth as we deliver value to all our stakeholders.”