From Financial Modeling Prep: 2024-10-22 17:00:04

Norfolk Southern Corporation (NYSE:NSC) exceeded expectations with an EPS of $3.25, a 22.6% increase from the previous year. The company reported revenue of $3.1 billion for Q3 2024, slightly above estimates, with income from railway operations doubling to $1.6 billion and operating expenses decreasing by 34%.

Norfolk Southern is a key player in the U.S. rail transportation industry, competing with giants like CSX Corporation and Union Pacific. The company’s strategic cost management led to surpassing estimated EPS, despite a negative P/E ratio. Revenue for Q3 2024 slightly exceeded estimates, driven by growth in Merchandise and Intermodal segments.

The company’s income from railway operations more than doubled to $1.6 billion, with operating expenses declining by 34%. Norfolk Southern’s focus on productivity initiatives and cost management has improved margins, reflected in its financial metrics. Despite challenges in covering short-term liabilities, the company’s performance in Q3 2024 has been strong.



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