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Services | Railroads | USA
Norfolk Southern Chugs Higher on Earnings and Revenue Beats
Norfolk Southern rises Wednesday after beating Wall Street's first-quarter earnings expectations.
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The Norfolk, Virginia-based company reported first-quarter income of $677 million, or $2.51 per share, up from $552 million or $1.93 a share, a year ago, and ahead of analysts' forecasts of $2.18 a share.
Revenue increased 5% to $2.84 billion, ahead of Wall Street's estimate of $2.8 billion. Income from railway operations increased 16% year over year to $966 million. Continued workforce reductions helped drive expenses down 0.4%.
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![[Bild: NSCc1dl0847.png]](https://finviz.com/publish/042519/NSCc1dl0847.png)
https://www.thestreet.com/investing/norf...yptr=yahoo
Norfolk Southern Chugs Higher on Earnings and Revenue Beats
Norfolk Southern rises Wednesday after beating Wall Street's first-quarter earnings expectations.
...
The Norfolk, Virginia-based company reported first-quarter income of $677 million, or $2.51 per share, up from $552 million or $1.93 a share, a year ago, and ahead of analysts' forecasts of $2.18 a share.
Revenue increased 5% to $2.84 billion, ahead of Wall Street's estimate of $2.8 billion. Income from railway operations increased 16% year over year to $966 million. Continued workforce reductions helped drive expenses down 0.4%.
...
https://www.thestreet.com/investing/norf...yptr=yahoo
