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Norfolk Southern Chugs Higher on Earnings and Revenue Beats

Norfolk Southern rises Wednesday after beating Wall Street's first-quarter earnings expectations.

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The Norfolk, Virginia-based company reported first-quarter income of $677 million, or $2.51 per share, up from $552 million or $1.93 a share, a year ago, and ahead of analysts' forecasts of $2.18 a share. 

Revenue increased 5% to $2.84 billion, ahead of Wall Street's estimate of $2.8 billion. Income from railway operations increased 16% year over year to $966 million. Continued workforce reductions helped drive expenses down 0.4%.

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https://www.thestreet.com/investing/norf...yptr=yahoo

Norfolk Southern (NSC) Beats Q4 Earnings Estimates

Norfolk Southern (NSC) came out with quarterly earnings of $2.55 per share, beating the Zacks Consensus Estimate of $2.29 per share. This compares to earnings of $2.57 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 11.35%. A quarter ago, it was expected that this railroad would post earnings of $2.57 per share when it actually produced earnings of $2.58, delivering a surprise of 0.39%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Norfolk Southern, which belongs to the Zacks Transportation - Rail industry, posted revenues of $2.69 billion for the quarter ended December 2019, missing the Zacks Consensus Estimate by 0.01%. This compares to year-ago revenues of $2.90 billion.


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https://finance.yahoo.com/news/norfolk-s...02077.html