Union Pacific Corporation(UNP Quick QuoteUNP - Free Report) , based in Omaha, NE, is the largest railroad in North America providing rail transportation services across more than 20 states in the U.S. Union Pacific also connects with Canada's rail systems and is the only railroad, serving all the six major gateways to Mexico.

Zacks Rank: Currently, Union Pacific has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Union Pacific reported earnings per share came in at $1.17, in line with Zacks Consensus Estimate. Earnings declined 15.2% on a year-over-year basis due to decline in freight revenues.

Revenue: Operating revenues of $4,770 million narrowly missed the Zacks Consensus Estimate of $4,790 million. Revenues were down 12% year on year. Reduced freight revenues (down 13%) due to soft coal shipments hurt the top line.

UNION PAC CORP Price and EPS Surprise

UNION PAC CORP Price and EPS Surprise | UNION PAC CORP Quote

Key Stats to Note: Operating income in the second quarter witnessed a decline of 15% year over year to $1.7 billion. Operating ratio (defined as operating expenses as a percentage of revenues) deteriorated 110 basis points year over year to 65.2%. During the quarter, the company bought back 7 million shares for $602 million.

Check back later for our full write up on this Union Pacific earnings report later!

We are reissuing this article to correct a mistake. The original article, issued earlier today, should no longer be relied upon.