Dallas, TX 10/24/2009 1:10:22 AM
News / Business

NYSE: UNP, CSX, BNI are The Top Losers from Services Stocks

Top Losers

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Union Pacific Corporation (NYSE:UNP) plunges 5.69% or $3.48 to $57.64 on a volume of 4.44 million shares in early morning trade after Analysts were expecting Union Pacific Corp. to report earnings of $1. 0 for last quarter, but UNP beat expectations with actual earnings of $1.02 which is 2 cents above the consensus estimate. Union Pacific Corporation is engaged in the transportation business. The Company’s operating company, Union Pacific Railroad Company, links 23 states in the western two-thirds of the United States.

CSX Corporation (NYSE:CSX) fell 5.07% or $2.33 to $43.64 on over 2.60 million shares. The stock hit an intraday high and intraday low of $45.42 and $43.32 respectively. So far the stock price jumped over 42% in last six months of trade. CSX Corporation is a transportation company. The Company operates in two segments: rail and intermodal. The Company’s rail and intermodal businesses provide rail-based transportation services, including traditional rail service and the transport of intermodal containers and trailers.

Burlington Northern Santa Fe Corporation (NYSE:BNI) corrected 7.06% or $5.97 to $78.65 on over 2 million shares after he Burlington Northern Santa announced that for the fourth quarter of 2009, it expects earnings per share to be in the $1.10 to $1.20 range. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $1.36 for the same period.

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