Norfolk Southern Sees Prelim. Q1 Adj. EPS $2.49 vs $2.61 Est., Railway Operating Revenues $3.004B
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern reported preliminary Q1 adjusted earnings per share (EPS) of $2.49, falling short of the estimated $2.61. The railway operating revenues were reported at $3.004 billion.
April 09, 2024 | 12:43 pm
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Norfolk Southern's Q1 adjusted EPS of $2.49 missed the estimated $2.61, with operating revenues at $3.004 billion.
Missing the estimated EPS typically leads to negative investor sentiment in the short term, potentially causing a decrease in stock price. The reported operating revenues, while significant, may not offset the missed earnings expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100