Norfolk Southern reaffirms annual forecast, tops first-quarter revenue estimates
From Yahoo Finance: 2025-04-23 08:09:00
Norfolk Southern surpasses first-quarter revenue estimates, reaffirms annual forecast due to increased intermodal freight volume. Shares rise by 4%. Record high container imports to U.S. in Jan-Feb due to tariff fears boost intermodal volume. Intermodal shipping revenue up 2% to $760 million. Analysts expect company to outperform peers despite tariff impact. Insurance recoveries from derailment exceed expenses by $185 million. Operating revenue up 1.71% to $2.79 billion, adjusted profit at $2.69 per share, operating ratio improves to 67.9%. Total revenue for the quarter at $2.99 billion, slightly beating analysts’ estimate.
Read more at Yahoo Finance: Norfolk Southern reaffirms annual forecast, tops first-quarter revenue estimates