NSC - Norfolk Southern Shares Slide Post Q3 Results Reports Revenue Slump Of 11% | Benzinga
Norfolk Southern Corp (NYSE: NSC) reported a third-quarter FY23 railway operating revenue decline of 11% year-over-year to $2.97 billion, beating the consensus of $2.95 billion.
Adjusted EPS was $2.65 (-35% Y/Y), below the consensus of $2.69.
Sales by segments: Merchandise $1.80 billion (-7% Y/Y), Intermodal $737 million (-22% Y/Y), and Coal $434 million (-8% Y/Y).
Railway operating expenses increased by ...