NSC - Why Is Norfolk Southern Stock Taking A Hit Today? | Benzinga
‘Norfolk Southern Corp (NYSE:NSC) 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.
Sales by segments: Merchandise $1.85 billion (-1.4% Y/Y), Intermodal $794 million (-13% Y/Y), and Coal $430 million (-4% Y/Y).
Railway operating expenses increased by 10.2% Y/Y to $2.265 billion. Income from railway operations declined by 31.6% Y/Y to $808 million. Adjusting ...