Norfolk Southern (NSC) came out with quarterly earnings of $3.25 per share, beating the Zacks Consensus Estimate of $3.10 per share. This compares to earnings of $2.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.84%. A quarter ago, it was expected that this railroad would post earnings of $2.85 per share when it actually produced earnings of $3.06, delivering a surprise of 7.37%.Over the last four quarters, the company h ...

Exhibit 99.2 Norfolk Southern Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|------------------------|---------------------|---------------------|-------|------------------------------------------|-------|---------------| | | | Third \n2024 \n(in | Quarter \nmillions, | \n2023 \n except | per | First Nine \n2024 \nshare amounts) | | Months \n2023 | | Railway ...

The upcoming report from Norfolk Southern (NSC) is expected to reveal quarterly earnings of $3.10 per share, indicating an increase of 17% compared to the year-ago period. Analysts forecast revenues of $3.09 billion, representing an increase of 4.2% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Norfolk Southern (NSC) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octo ...

Norfolk Southern (NSC) , in partnership with BNSF Railway, inked provisional, five-year collective bargaining agreements with multiple labor unions. The tentative deals with the Brotherhood of Railway Carmen Division/TCU, the International Association of Sheet Metal, Air, Rail and Transportation Workers - Mechanical Department and the Transportation Communications Union/IAM have been inked four months prior to the commencement of the next collective bargaining round. NSC has also inked tentative agreements ...

Prospects of Zacks Transportation - Rail industry's participants are being weighed down by challenges like inflation-induced elevated interest rates, concerns pertaining to supply-chain disruptions and the slowdown of economic growth. Most industry players are looking to drive their bottom line amid the headwinds through cost reduction. Partly due to these headwinds, the industry has declined 1.8% so far this year, underperforming the S&P 500 Index's 17.9% appreciation. The broader Zacks Transportation sect ...

Tim Livingston joins as Senior Vice President Transportation as COO John Orr establishes operations leadership team ATLANTA, Aug. 7, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) has appointed three industry veterans with precision scheduled railroading (PSR) experience to lead its Transportation team, reporting to Chief Operating Officer John Orr. Tim Livingston joins Norfolk Southern as Senior Vice President Transportation and Network Operations. Reporting to Livingston will be Rodney Moor ...

ATLANTA, Aug. 6, 2024 /PRNewswire/ -- Norfolk Southern (NYSE: NSC) is elevating the power of technology and innovation to drive its transformative, balanced strategy as it brings onboard Anil Bhatt, a technology leader recognized for pioneering cutting-edge solutions to advance and shape the direction of enterprises. Bhatt will serve as executive vice president and chief information and digital officer, reporting to President and CEO Alan Shaw. Norfolk Southern's focus on technology has advanced safety and ...

Significant capacity improvements will enhance critical rail corridor, open additional opportunities for statewide business and economic growth ATLANTA, Aug. 1, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) is investing to grow capacity on a key rail line in the state of Alabama, the 3B Corridor, which connects markets in northern and central Alabama to the Port of Mobile and destinations worldwide. The more-than $200 million investment positions the line to accommodate expected growth in se ...

NSC stock has seen little change, moving from levels of $240 in early January 2021 to around $250 now, vs. an increase of about 45% for the S&P 500 over this period. However, the increase in NSC stock has been far from consistent. Returns for the stock were 27% in 2021, -16% in 2022, and -2% in 2023. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, and 24% in 2023 — indicating that NSC underperformed the S&P in 2023. Norfolk Southern's revenue of $3.04 billion in Q2 was up 2% y-o- ...