Norfolk Southern (NSC) Misses Q1 EPS by 31c
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Norfolk Southern reports first-quarter 2015 results
April 29, 2015 8:00 AM EDTNORFOLK, Va., April 29, 2015 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today reported financial results for first-quarter 2015. Net income for the quarter was $310 million, 16 percent lower compared with $368 million during the same period of 2014. Diluted earnings per share were $1.00 compared with $1.17 per diluted share earned in the first quarter last year.
"Our first quarter results reflected continued weakness in our coal markets along with a slowdown in network velocity in part caused by severe winter weather which impacted both our expenses and our volumes," said CEO Wick Moorman. "Looking ahead,... More
