Categories Earnings, Industrials

Earnings Summary: A snapshot of Norfolk Southern Corp’s (NSC) Q1 2024 report

Railroad company Norfolk Southern Corporation (NYSE: NSC) on Wednesday announced preliminary results for the first quarter of 2024, reporting a decline in operating revenues.

  • Norfolk’s railway operating revenues decreased by 4% year-over-year to about $3.0 billion in the first three months of fiscal 2024
  • Operating expenses were $2.79 billion in the first quarter, which is up by $691 million from the year-ago quarter
  • Income from railway operations was $213 million in Q1, compared to $711 million a year earlier
  • Operating ratio came in at 92.9%, up from 77.3% reported in the first quarter of 2023
  • The company reported earnings of $0.23 per share for the three months, vs. 2.04 per share in the prior-year period
  • Adjusted earnings decreased to $2.49 per share in the March quarter from $3.32 per share last year

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations. Second-quarter revenues came in at $5.31 billion,

Dollar Tree (DLTR): A look at the discount retailer’s growth initiatives at its namesake banner

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down over 1% on Thursday. The stock has dropped 24% year-to-date. The company delivered sales and GAAP earnings growth for the first

Key highlights from Signet Jewelers’ (SIG) Q1 2025 earnings results

Signet Jewelers Limited (NYSE: SIG) reported first quarter 2025 earnings results today. Sales decreased 9.4% year-over-year to $1.5 billion. Sales were down 9.6% on a constant currency basis. Same-store sales

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top