Earnings down on soft Sales

Sales and earnings fell in sympathy in the third quarter 2020, where earnings decreased by -9.46 % to $2.01 per share and revenue by -10.82 % year on year. Revenue were at $4.92 billions compare to $5.52 billions in the same quarter a year ago.

From preceding quarter, earnings grew by 20.36 % from $1.67 per share and Sales improved by 15.9 % from $4.24 billions.
Sales fell at Agricultural -3.83%, Chemicals -5.77%, Energy -18.29%, Industrial Products -15.68%, Intermodal -11.35%, while revenue growth was achieved at Automotive +0.38%.
Net income of $1,363.000 millions in the third quarter 2020 fell by -12.35 % from $1,555.000 millions in the corresponding period a year before. Profitability was mixed in the third quarter 2020, while Union Pacific Corporation's operating margin with $2031 millions in operating income increased to 41.29%, net margin on the other hand recoiled to 27.71%.

Analysing further company's results, an astounding rise of 37.55% in Energy Rev. Per Unit to 2,334.28 $ explains the third quarter 2020 performance.
Other gains in Agricultural Carloads 5.99 %, Revenue Ton-Miles RTMs 5.62 %, were worth mentioning.
While following indicators decreased: RTM per GTM % down -3.07 %.
The Railroads company, also outlined contraction in Energy Carloads -14.01 %, Average Train Speed Miles per Hour -8.4 %.

Union Pacific Corporation is expected to report next financial results on January 21, 2021.