Norfolk Southern up slightly after Q2 earnings beat estimates
Seeking Alpha ·
Shares of Norfolk Southern Corporation ( NSC ) ticked up slightly in premarket trading after reporting second-quarter adjusted earnings that topped analyst expectations. The railroad operator posted adjusted earnings per share of $3.52, beating the consensus estimate of $3.31, while revenue came in at $3.5B, increasing roughly 13% year
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Norfolk Southern reported second-quarter adjusted earnings per share of $3.52, beating the market estimate of $3.31, with revenue rising 13% year-over-year to $3.5 billion. Driven by these strong results, the stock showed a slight upward trend in pre-market trading. The recovery in demand for the logistics and rail transportation sectors is analyzed to have driven earnings growth.
상승 영향
- Logistics — Adjusted EPS of $3.52 beat estimates and revenue increased by 13%, proving the recovery of the industry.
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