Norfolk Southern (NSC) Tops Q3 EPS by 8c

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Go back to Norfolk Southern (NSC) Tops Q3 EPS by 8c

Norfolk Southern reports third-quarter 2018 results

October 24, 2018 8:00 AM EDT

NORFOLK, Va., Oct. 24, 2018 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today reported record third-quarter financial results.

Net income was $702 million, up 39 percent year-over-year, a result of a 14 percent increase in income from railway operations and a lower effective income tax rate. Diluted earnings per share were $2.52, up 44 percent year-over-year and a third-quarter record.

"Norfolk Southern continues to deliver record financial results that reflect our careful and determined pursuit of a balanced and flexible strategy," said James A. Squires, Norfolk Southern chairman, president and CEO. "Our demonstrated progress... More