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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
