Key Insights from Norfolk Southern Corp's Q1 2024 Earnings Report
Wednesday, 10 April 2024, 13:02
Earnings Highlights:
Railroad company Norfolk Southern Corporation (NYSE: NSC) delivered its first-quarter financial results, reporting a decrease in operating revenues and a rise in operating expenses.
Financial Figures:
- Operating revenues decreased by 4% year-over-year to approximately $3.0 billion.
- Operating expenses rose to $2.79 billion compared to the previous year.
- Income from railway operations fell to $213 million from $711 million in the previous year.
- The operating ratio increased to 92.9% from 77.3% in Q1 2023.
- Earnings per share dropped to $0.23 from $2.04 in the prior-year period.
- Adjusted earnings declined to $2.49 per share from $3.32 per share.
This summary provides valuable insights into Norfolk Southern Corp's financial performance in Q1 2024.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.