Norfolk Southern reports third-quarter 2020 results
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Norfolk Southern (NSC) PT Raised to $224 at Cowen
October 28, 2020 1:30 PM EDTCowen analyst Jason H. Seidl raised the price target on Norfolk Southern (NYSE: NSC) to $224.00 (from $221.00) while maintaining an Outperform rating.
The analyst commented, "NSC achieved an earnings beat and OR improvement as a decline in operating expenses outpaced a revenue decline. Inventory... More
Norfolk Southern (NSC) Tops Q3 EPS by 13c
October 28, 2020 8:03 AM EDTNorfolk Southern (NYSE: NSC) reported Q3 EPS of $2.51, $0.13 better than the analyst estimate of $2.38. Revenue for the quarter came in at $2.51 billion versus the consensus estimate of $2.51 billion.
Third-quarter summary
Railway operating revenues of $2.5 billion decreased 12% compared with third-quarter 2019, driven by a 7% decline in total volume and 5% decline in revenue per unit.Railway operating expenses were $1.7 billion, including a $99 million non-cash impairment charge related to an equity-method... More