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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.
Norfolk Southern has an impressive record with respect to earnings per share. The railroad operator has beaten the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 9.89%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Norfolk Southern's third quarter 2016 earnings per share of $1.55 beat the Zacks Consensus Estimate of $1.45. Earnings were down 1.3% on a year-over-year basis.
Revenue: Operating revenues of $2,524 million edged past the Zacks Consensus Estimate of $2,521 million. Revenues declined 7% on a year over year basis.
Key Stats: Norfolk Southern revealed operating ratio of 67.5% in the reported quarter against 69.7% in the prior year period. Moreover, it also witnessed a significant 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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Norfolk Southern (NSC) Beats on Q3 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.
Norfolk Southern has an impressive record with respect to earnings per share. The railroad operator has beaten the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 9.89%.
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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Norfolk Southern's third quarter 2016 earnings per share of $1.55 beat the Zacks Consensus Estimate of $1.45. Earnings were down 1.3% on a year-over-year basis.
NORFOLK SOUTHRN Price and EPS Surprise
NORFOLK SOUTHRN Price and EPS Surprise | NORFOLK SOUTHRN Quote
Revenue: Operating revenues of $2,524 million edged past the Zacks Consensus Estimate of $2,521 million. Revenues declined 7% on a year over year basis.
Key Stats: Norfolk Southern revealed operating ratio of 67.5% in the reported quarter against 69.7% in the prior year period. Moreover, it also witnessed a significant drop in coal revenues for the period.
Check back later for our full write up on this Norfolk Southern earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>