Norfolk Southern (NSC) Cuts Q3 Outlook as Volume, Fuel Surcharges Weigh
Get Alerts NSC Hot Sheet
Price: $240.27 --0%
Revenue Growth %: -1.6%
Financial Fact:
Fuel: 181M
Today's EPS Names:
MAXN, CSTR, ACU, More
Revenue Growth %: -1.6%
Financial Fact:
Fuel: 181M
Today's EPS Names:
MAXN, CSTR, ACU, More
Join SI Premium – FREE
Norfolk Southern Corp. (NYSE: NSC) shares are getting hit, down over 5.5 percent in late trading Wednesday, after issuing a warning earlier for third-quarter results.
According to the transportation giant, third-quarter 2012 EPS will range from $1.18 to $1.25, versus $1.60 reported for the second quarter and $1.59 reported in the same period last year.
The Street consensus is currently looking for EPS of $1.64.
Revs are also expected to be down $120 million from $2.889 billion reported last year. The Street is are $2.91 billion, an increase from last year and last quarter.
For a list of peers/rivals on watch following the warning, click here.
In the report, NoSo said fuel surcharges and volume declines were primary reasons for the dire outlook. The Company said fuel surcharges will be about $80 million below last years level of
According to the transportation giant, third-quarter 2012 EPS will range from $1.18 to $1.25, versus $1.60 reported for the second quarter and $1.59 reported in the same period last year.
The Street consensus is currently looking for EPS of $1.64.
Revs are also expected to be down $120 million from $2.889 billion reported last year. The Street is are $2.91 billion, an increase from last year and last quarter.
For a list of peers/rivals on watch following the warning, click here.
In the report, NoSo said fuel surcharges and volume declines were primary reasons for the dire outlook. The Company said fuel surcharges will be about $80 million below last years level of
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Norfolk Southern (NSC) corrects Ancora's false and misleading statements
- Abbott (ABT) Tops Q1 EPS by 2c, Offers Guidance
- Netflix (NFLX) Tops Q1 EPS by 77c, Offers Guidance
Create E-mail Alert Related Categories
Guidance, Hot GuidanceSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!