Norfolk Southern (NSC) Tops Q3 EPS by 13c
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Norfolk Southern reports third-quarter 2020 results
October 28, 2020 8:00 AM EDTNORFOLK, Va., Oct. 28, 2020 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) today reported financial results for the quarter ended September 30, 2020. During the quarter, the company achieved net income of $569 million, diluted earnings per share of $2.22, and an operating ratio of 66.5%. These results include a previously announced $99 million non-cash impairment charge. Excluding the effects of the impairment charge, adjusted third-quarter net income was $643 million, adjusted diluted earnings per share were $2.51, and the adjusted operating ratio was 62.5%, which reflects a 240 basis point improvement compared with third-quarter 2019.
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