Norfolk Southern Q2 Adj. EPS $2.95 Misses $3.11 Estimate, Sales $2.98B Miss $3.08B Estimate
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern reported Q2 adjusted earnings of $2.95 per share, missing the analyst consensus estimate of $3.11 by 5.14%. This is a 14.49% decrease from the same period last year. The company also reported quarterly sales of $2.98 billion, missing the analyst consensus estimate of $3.08 billion by 3.25%, a decrease of 8.31% from the same period last year.
July 27, 2023 | 12:05 pm
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NEGATIVE IMPACT
Norfolk Southern's Q2 earnings and sales missed estimates, marking a decrease from the same period last year.
Norfolk Southern's earnings and sales for Q2 have both missed estimates, and have decreased compared to the same period last year. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
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