NSC - These Analysts Revise Their Forecasts On Norfolk Southern Following Q4 Results | Benzinga
Norfolk Southern Corp (NYSE: NSC) reported weaker-than-expected fourth-quarter earnings on Friday.
Norfolk Southern reported a fourth-quarter fiscal 2023 railway operating revenue decline of 5% year-over-year to $3.073 billion, versus the consensus of $3.08 billion. Adjusted EPS was $2.83 (-17% Y/Y), below the consensus of $2.87.
For 2024, Norfolk Southern expects revenue growth of ~3% YoY and CapEx flat with 2023 ~$2.3 billion.
Norfolk Southern President and Chief Executive Officer Alan H. Shaw commented, "Norfolk Southern enters 2024 with positive momentum and a focus ...