Union Pacific, Norfolk Signals Mixed On Coal Views
Either Union Pacific (UNP) is being overly conservative in its negative earnings guidance, or Norfolk Southern (NSC) got a premature analyst upgrade. Union Pacific said late Thursday that it sees Q3 EPS of $2.45-$2.48, well below consensus of $2.56, noting coal volume has been flat compared to a year ago. "Mild summer weather combined with disruptions from flooding in Colorado impacted coal volumes, and, to a lesser extent, other commodity
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