Several major industrial and financial companies reported first-quarter 2025 results, including Norfolk Southern, Freeport-McMoRan, Union Pacific, STMicroelectronics, and CBRE Group. Norfolk Southern reported adjusted earnings per share (EPS) of $2.69, in line with estimates, and revenue of $3.0 billion, slightly above expectations. The company saw insurance payments related to derailments, merchandise revenue of $1.86 billion, and railway operating revenue of $2.99 billion. EPS growth was supported by insurance recoveries and steady service performance. Freeport-McMoRan posted first-quarter adjusted EPS of $0.24, matching consensus, with revenue of $5.73 billion, ahead of estimates. The company maintained its annual guidance for consolidated copper sales of about 4.0 billion pounds and gold sales of 1.6 million ounces. Proposed tariffs could increase U.S. goods purchase costs by about 5%. Union Pacific reported flat quarterly earnings, with EPS of $2.70, missing estimates by $0.05, and revenue of $6.0 billion, slightly below expectations. Net income was $1.63 billion. The company achieved record freight revenue, a 7% increase in overall volume, and a 13% rise in premium segment volume. Bulk traffic rose 1%, while industrial traffic declined 1%. The operating ratio held at 60.7%. Manifest and intermodal service performance indices were 93% and 94%, respectively, and the company recorded a first-quarter record low terminal dwell. Union Pacific affirmed its full-year financial outlook and is monitoring tariff developments. STMicroelectronics reported first-quarter net revenues of $2.52 billion, down 27.3% year-over-year, and net income of $56 million, down 89.1% from a year earlier. Gross margin was 33.4%, and operating income was $3 million. The company projected second-quarter net revenues of $2.71 billion, a sequential increase but a 16.2% decline year-over-year, and maintained a gross margin outlook of approximately 33.4%. STMicroelectronics is implementing a restructuring plan targeting annual cost savings in the high triple-digit million-dollar range by the end of 2027. CBRE Group reported first-quarter adjusted EPS of $0.86, beating estimates, with sales of $8.91 billion in line with expectations.