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Norfolk Southern Corp Q3 Profit Decreases, But Beats Estimates

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Norfolk Southern Corp (NSC) revealed earnings for third quarter that Decreased from the same period last year but beat the Street estimates.

The company's bottom line totaled $711 million, or $3.16 per share. This compares with $1.099 billion, or $4.85 per share, last year.

Excluding items, Norfolk Southern Corp reported adjusted earnings of $741 million or $3.30 per share for the period.

Analysts on average had expected the company to earn $3.20 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 1.7% to $3.103 billion from $3.051 billion last year.

Norfolk Southern Corp earnings at a glance (GAAP) :

-Earnings: $711 Mln. vs. $1.099 Bln. last year.
-EPS: $3.16 vs. $4.85 last year.
-Revenue: $3.103 Bln vs. $3.051 Bln last year.

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