Union Pacific Corporation (UNP – 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 # 2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Union Pacific beat on earnings in the second quarter. Earnings per share came in at $1.45, beating the Zacks Consensus Estimate of $1.37 per share. Earnings climbed 23.93% on a year-over-year basis.

Revenue: Operating revenues of $5,250 million edged past the Zacks Consensus Estimate of $5,162.7 million. Revenues increased 10% on a year over year basis.

Key Stats to Note: Operating income in the second quarter climbed 21% year over year to $2 billion. Operating ratio (defined as operating expenses as a percentage of revenues) came in at 61.8% as opposed to 65.2% a year-ago. During the quarter, the company bought back 7.8 million shares for $850 million.

Union Pacific Corporation Price and EPS Surprise

Union Pacific Corporation Price and EPS Surprise | Union Pacific Corporation Quote

Stock Price: The earnings beat pleased the investors. Shares of the company were up in pre-market trading at the time of writing.