Norfolk Southern Shares Slide Post Q3 Results, Reports Revenue Slump Of 11%
Portfolio Pulse from Akanksha Bakshi
Norfolk Southern Corp reported a Q3 FY23 railway operating revenue decline of 11% YoY to $2.97 billion, beating the consensus of $2.95 billion. Adjusted EPS was $2.65, below the consensus of $2.69. The company also reported an increase in railway operating expenses by 7% YoY to $2.215 billion. The Ohio train derailment incident led to $966 million in expenses for environmental and legal matters. NSC shares are trading lower by 3.21% at $189.93.
October 25, 2023 | 2:52 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Norfolk Southern's Q3 FY23 results show a decline in revenue and EPS, with shares trading lower. The Ohio train derailment incident has also led to significant expenses.
Norfolk Southern's Q3 FY23 results show a decline in both revenue and EPS, which is likely to negatively impact investor sentiment and the stock price. Additionally, the Ohio train derailment incident has led to significant expenses, which could further pressure the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100