Union pacific reports second quarter 2020 results

Union pacific reports second quarter 2020 results.q2 earnings per share $1.67.q2 revenue $4.2 billion versus refinitiv ibes estimate of $4.38 billion.q2 earnings per share estimate $1.55 -- refinitiv ibes data.q2 proved very challenging as we faced a volume decline of 20% due to economic impact of covid-19 pandemic.quarterly freight revenue declined 24 percent, compared to q2 2019.$1.26 per gallon average quarterly diesel fuel price in q2 2020 was 43 percent lower than q2 2019.co's 61 percent operating ratio increased 1.4 points compared to q2 2019.currently expects fy 2020 carload volumes to be down around 10 percent or so compared to 2019.q2 business volumes, as measured by total revenue carloads, decreased 20 percent compared to 2019.
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