Norfolk Southern Reports Q3 Earnings: The Details
Portfolio Pulse from Adam Eckert
Norfolk Southern Corp (NYSE:NSC) reported strong Q3 earnings, with adjusted earnings per share of $3.25, surpassing analyst expectations. The company saw a 3% increase in railway operating revenues and an 11% rise in income from railway operations. Norfolk Southern also completed two railway line sales, generating significant cash proceeds and gains. The company's shares rose by 2.96% following the earnings report.
October 22, 2024 | 1:10 pm
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Norfolk Southern reported Q3 earnings of $3.25 per share, beating estimates. Revenue increased by 3%, and income from operations rose by 11%. The company completed two railway line sales, resulting in $400 million in cash proceeds. Shares increased by 2.96%.
Norfolk Southern's Q3 earnings exceeded expectations, with significant revenue and income growth. The completion of railway line sales added substantial cash proceeds, positively impacting the stock price. The market reacted favorably, as evidenced by the 2.96% increase in share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100