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
QCOM Earnings: Qualcomm Q2 2024 revenue and profit beat Street view
Semiconductor company Qualcomm, Inc. (NASDAQ: QCOM) reported an increase in earnings and revenues for the second quarter of 2024. The numbers came in above analysts' estimates. At $9.39 billion, March-quarter
Key takeaways from Amazon’s Q1 2024 earnings report
Amazon.com Inc. (NASDAQ: AMZN) had an upbeat start to fiscal 2024, delivering strong growth across the business in the first three months of the year. While the cloud segment continues
Key takeaways from Pfizer’s (PFE) Q1 2024 earnings report
Shares of Pfizer Inc. (NYSE: PFE) gained over 5% on Wednesday following the company’s announcement of its first quarter 2024 earnings results. Although the top and bottom line numbers decreased