News
Norfolk Southern Reports Q3 Earnings
Norfolk Southern ($NSC) reported Q3 earnings with revenue of $3.5 billion, beating estimates of $3.48 billion. Adjusted EPS was $3.62, beating estimates of $3.47. Adjusted rail operating revenue was $1.2 billion, up 7% year-over-year. The company's GAAP EPS was $3.37, with adjusted EPS of $3.62 excluding merger-related expenses and the effects of the Eastern Ohio incident. Key updates include a 3% year-over-year volume and 5% year-over-year GAAP rail operating revenue.