Union Pacific reported quarterly earnings of $2.69 per share which beat the analyst consensus estimate of $2.52 by 6.75%. The company reported quarterly sales of $6 billion, beating the analyst consensus estimate of $5.98 billion by 0.26%.
Wall Street suffers a double blow in Thursday’s session, as softer-than-expected revenue forecasts from Meta Platforms Inc. (NASDAQ:META) are being compounded by weaker-than-expected economic growth and higher inflationary pressures last quarter, raising fears of a stagflation phase