Norfolk Southern reports third-quarter 2019 results
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Norfolk Southern (NSC) Misses Q3 EPS by 9c, Revenues Miss
October 23, 2019 8:02 AM EDTNorfolk Southern (NYSE: NSC) reported Q3 EPS of $2.49, $0.09 worse than the analyst estimate of $2.58. Revenue for the quarter came in at $2.8 billion versus the consensus estimate of $2.85 billion.
Third-quarter summary and highlights
Railway operating revenues of $2.8 billion decreased 4% compared with third-quarter 2018, as a 2% increase in average revenue per unit partially offset a 6% decline in total volume. Railway operating expenses were $1.8 billion, a decrease of $82 million compared with the same period last... More