Norfolk Southern (NSC) Q1 Earnings, Revenues Miss, Fall Y/Y

Norfolk Southern Corporation’s (NSC) first-quarter 2024 earnings of $2.49 per share fell short of the Zacks Consensus Estimate of$2.58 and declined 25% year over year. Results were hurt by high costs.Railway operating revenues were $3,004 million in the quarter under review, lagging the Zacks Consensus Estimate of$3,030.2 million. The top line decreased 4% year over year, with all key segments, including Merchandise, Intermodal and Coal, registering deterioration in revenues.Overall volumes increased 4%. ...