24.04.2024 14:11:16 - dpa-AFX: Norfolk Southern Corp Q1 Profit Decreases, misses estimates

NORFOLK (dpa-AFX) - Norfolk Southern Corp (NSC) announced earnings for first
quarter that decreased from last year and missed the Street estimates.

The company's bottom line totaled $53 million, or $0.23 per share. This
compares with $466 million, or $2.04 per share, in last year's first quarter.

Excluding items, Norfolk Southern Corp reported adjusted earnings of $565
million or $2.49 per share for the period.

Analysts on average had expected the company to earn $2.58 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 4.2% to $3.00 billion from $3.13
billion last year.

Norfolk Southern Corp earnings at a glance (GAAP) :

-Earnings (Q1): $53 Mln. vs. $466 Mln. last year.
-EPS (Q1): $0.23 vs. $2.04 last year.
-Revenue (Q1): $3.00 Bln vs. $3.13 Bln last year.


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
NORFOLK STHN CORP. DL 1 867028 Frankfurt 214,000 07.05.24 08:00:52 -4,000 -1,83% 0,000 0,000 214,000 214,000

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