AP NEWS

Norfolk Southern: 3Q Earnings Snapshot

October 23, 2019

NORFOLK, Va. (AP) — Norfolk Southern Corp. (NSC) on Wednesday reported third-quarter net income of $657 million.

On a per-share basis, the Norfolk, Virginia-based company said it had net income of $2.49. Earnings, adjusted for non-recurring costs, came to $2.58 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.

The railroad posted revenue of $2.84 billion in the period, which met Street forecasts.

Norfolk Southern shares have climbed 26% since the beginning of the year, while the Standard & Poor’s 500 index has increased 20%. The stock has risen 15% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSC at https://www.zacks.com/ap/NSC