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Norfolk Southern (NSC) Beats on Q2 Earnings
Norfolk Southern Corp. (NSC - Free Report) controls a major freight railroad, Norfolk Southern Railway Company. The company is primarily engaged in the rail transportation of raw material, intermediate products and finished goods, primarily in Southeast, East and Midwest United States. It provides comprehensive logistics services and offers the most extensive intermodal network on the eastern side of the United States.
NorfolkSouthern has mixed track record with respect to earnings. The railroad operator has delivered an earnings surprise in two of the last four quarters with average earnings beat over the last four quarters being 9.36%.
ZacksRank: Currently, Norfolk Southern has a Zacks Rank #3 (Hold), but that could definitely change following Norfolk Southern‘s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Norfolk Southern‘s second quarter 2016 earnings per share of $1.36 per share beat the Zacks Consensus Estimate of $1.35. Earnings were down 3.5% on a year-over-year basis.
Revenue: Operating revenues of $2.45 billion were below the Zacks Consensus Estimate of $2.47 billion. Revenues also declined 9.5% on a year over year basis.
NORFOLK SOUTHRN Price and EPS Surprise
NORFOLK SOUTHRN Price and EPS Surprise | NORFOLK SOUTHRN Quote
Key Stats: Norfolk Southern revealed operating ratio of 68.6% in the reported quarter against 70% in the prior year period. Moreover, it also witnessed massive drop in coal revenues for the period.
Check back later for our full write up on this Norfolk Southern earnings report later!
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