Norfolk Southern Reports $416M 2Q Charge Associated With Ongoing Response To Ohio Incident
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern has reported a $416M charge for Q2 related to its ongoing response to an incident in Ohio.
July 27, 2023 | 12:03 pm
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NEGATIVE IMPACT
Norfolk Southern's Q2 earnings will be negatively impacted by a $416M charge related to an incident in Ohio.
The $416M charge is a significant amount that will directly impact Norfolk Southern's Q2 earnings. This could lead to a negative reaction from the market, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100