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Stock impact report

CN revenue, profit grows on rail freight gains [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Revenues of US$3.30 billion increased 2% while operating income of $1.28 billion was higher by 6%, the company said in a release prior to market openings. Adjusted operating income increased 9% to $1.32 billion. Net income of $920 million also was 9% higher, and adjusted net income of $1.28 million grew 12%. Diluted earnings per share increased 12% to $1.50, and adjusted diluted EPS of $1.54 was up 14%. CN repurchased 4.4 million shares in the fourth quarter for approximately $444 million. The Montreal-based company said the operating ratio, a key measure of efficiency, was 61.2%, an improvement of 1.4 points y/y, and adjusted operating ratio of 60.1% was better by 2.5 points. Freight as measured by gross ton miles increased 5%, and revenue ton miles increased 4%. Car velocity increased 2% to 215 car miles per day. Subscribe to FreightWaves' Rail e-newsletter and get the latest insights on rail freight right in your inbox. Find more articles by Stuart Chirls here Related Show less Read more
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