Norfolk Southern Stock Surges On Q2 Earnings: The Details
Portfolio Pulse from Adam Eckert
Norfolk Southern Corp (NYSE:NSC) shares surged in after-hours trading following the release of their Q2 financial results. The company reported a 2% year-over-year increase in railway operating revenue to $3 billion and adjusted earnings of $3.06 per share, beating analyst estimates of $2.86 per share. CEO Alan Shaw highlighted the company's strong performance in operating ratio and expenses, volume growth, safety culture, and operational improvements. Norfolk Southern reaffirmed its full-year guidance of an adjusted operating ratio of approximately 66%.
July 25, 2024 | 8:42 pm
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Norfolk Southern Corp (NYSE:NSC) reported strong Q2 earnings, with a 2% increase in railway operating revenue to $3 billion and adjusted earnings of $3.06 per share, beating analyst estimates. The company reaffirmed its full-year guidance, leading to a 7.67% surge in after-hours trading.
The strong Q2 earnings report, which included a beat on both revenue and earnings per share, along with the reaffirmation of full-year guidance, has positively impacted investor sentiment, leading to a significant after-hours price increase.
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