Norfolk Southern (NSC) Cuts Q3 Outlook as Volume, Fuel Surcharges Weigh
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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
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