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$UNP 2Q15 Q&A: Hoexter of Merrill Lynch asked regards coal, has UNP been slower to cut costs in addition to inefficiencies. Lance answered that in 2Q14, company was behind in resources experiencing substantial growth and rapidly filling pipeline with new employees. In 1Q15, declined 2% and further declined in 2Q15, so now making adjustments.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.