Norfolk Southern (NYSE:NSC) reported third quarter earnings that beat analyst's expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $2.52 on revenue of $2.95B. Analysts polled by forecast EPS of $2.44 on revenue of $2.92B. That compared to EPS of $1.75 on revenue of $2.67B in the same period a year earlier. The company had reported EPS of $2.5 on revenue of $2.9B in the previous quarter.
Norfolk Southern shares slightly moved 0.00% to trade at $156.97 in pre-market trade following the report.
For the year, Norfolk Southern shares are down 24.35%, under-performing the S&P 500 which is up 2.12% year to date.
Norfolk Southern follows other major Transportation sector earnings this month
On Wednesday, United Parcel Service (NYSE:UPS) reported third quarter EPS of $1.73 on revenue of $17.44B, compared to forecasts of EPS of $1.82 on revenue of $17.49B.
Canadian National Railway earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.54 on revenue of $3.69B. analysts expected EPS of $1.12 on revenue of $3,562M
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