Categories Earnings, Industrials
Earnings Summary: Highlights of Norfolk Southern Corp’s (NSC) Q4 2023 report
Railroad company Norfolk Southern Corporation (NYSE: NSC) on Friday announced fourth-quarter financial results, reporting a decline in operating revenues.
- Total railway operating revenues decreased 5% annually to $3.1 billion in Q4 from $3.24 billion last year
- Income from railway operations was $808 million, a 32% decline from the $1.2 billion recorded in the fourth quarter of 2022.
- Adjusting for the Eastern Ohio Incident, income from railway operations was $958 million, down19% YoY
- On a per-share basis, fourth-quarter earnings decreased to $2.32 from $3.42 last year
- At $527 million, Q4 net income was down 33% year-over-year; adjusted earnings per share declined 17% to $2.83
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
Richtech’s mission is to transform the service industry through collaborative robotic solutions: President
Richtech Robotics Inc. (NASDAQ: RR) is a leading provider of robotic solutions, developing, manufacturing, and deploying novel products needed for automation in the service industry. The company's solutions include delivery,
What to expect when Darden Restaurants reports Q1 results
Darden Restaurants, Inc. (NYSE: DRI) is scheduled to release its first-quarter report on September 19, with analysts forecasting a year-over-year increase in sales and profit. The market will be keeping a
Oracle (ORCL) sees continued strong revenue growth in FY25
Oracle Corporation (NYSE: ORCL) started the new fiscal year on a high note with stronger-than-expected first-quarter results, driving the stock higher soon after the announcement. The tech giant’s earnings and
