Norfolk Southern Q1 2024 Adj EPS $2.49 Misses $2.58 Estimate, Sales $3.004B Miss $3.046B Estimate
Portfolio Pulse from Benzinga Newsdesk
Norfolk Southern (NYSE:NSC) reported Q1 2024 adjusted EPS of $2.49, missing the $2.58 estimate, and sales of $3.004B, below the $3.046B estimate. This represents a 25% decrease in EPS and a 3.10% decrease in sales from the same period last year.
April 24, 2024 | 12:01 pm
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Norfolk Southern reported lower than expected Q1 2024 earnings and sales, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with a notable year-over-year decline, typically leads to negative investor sentiment and could pressure the stock price in the short term.
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