Norfolk Southern (NSC) Misses Q2 EPS by 7c

Norfolk Southern (NYSE: NSC) reported Q2 EPS of $1.41, $0.07 worse than the analyst estimate of $1.48. Revenue for the quarter came in at $2.71 billion versus the consensus estimate of $2.81 billion.

"While we face short-term pressure, particularly as we clear fuel surcharge revenue and coal headwinds, Norfolk Southern is well positioned to continue improving service, which will reduce costs and add value to our customers," said CEO James A. Squires. "Growth within the intermodal franchise, consumer spending, housing-related momentum and improved manufacturing activity all support an optimistic longer-term outlook. We have a strong legacy of success, and we are taking the right steps to continue value creation for our customers, the communities we serve, our employees, and our shareholders."

For earnings history and earnings-related data on Norfolk Southern (NSC) click here.

You May Also Be Interested In

• BofA sees Micron EPS topping $230 by FY30, calls peak fears overblown
• Femasys Inc. (FEMY) Misses Q2 EPS by 20c
• BWS Financial Downgrades Inter Parfums (IPAR) to Sell