Norfolk Southern Earnings: Driving Past Wall Street Analyst Estimates
Norfolk Southern Corp. (NYSE:NSC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.19%.
Norfolk Southern Corp. Earnings Cheat Sheet
Results: Net income decreased -13.96% to $413 million ($1.3 per diluted share) in the quarter versus a net gain of $480 million in the year-earlier quarter.
Revenue: Decreased 4.18% to $2.68 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Norfolk Southern Corp. reported adjusted net income of $1.3 per share. By that measure, the company beat the mean analyst estimate of $1.19. It beat the average revenue estimate of $2.67 billion.