Norfolk Southern reports first-quarter 2020 results, non-cash asset rationalization charge related to PSR implementation

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Go back to Norfolk Southern reports first-quarter 2020 results, non-cash asset rationalization charge related to PSR implementation

Norfolk Southern (NSC) Tops Q1 EPS by 33c, Revenues Beat

April 29, 2020 8:03 AM EDT

Norfolk Southern (NYSE: NSC) reported Q1 EPS of $2.58, $0.33 better than the analyst estimate of $2.25. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.57 billion.

"During the first quarter, Norfolk Southern's determination to transform our operations once again produced all-time best service delivery levels accompanied by productivity improvements, despite volumes being impacted by weak energy prices and the onset of the COVID-19 pandemic,"... More