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Stock impact report

CSX beats quarterly estimates on higher intermodal, coal export volumes [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
volumes and coal export demand, sending its shares up 2% in after-hours trading. The Jacksonville, Florida-based company's net earnings fell to $893 million, or 46 cents per share, for the quarter ended March 31, from $987 million, or 48 cents per share, a year earlier. However, it narrowly beat profit estimates of 45 cents per share, according to LSEG data. Revenue slipped 1% to $3.68 billion, but it was slightly above analysts' average expectations of $3.67 billion. The year-on-year fall was due to lower fuel surcharge, weaker trucking revenue and reduced export coal prices, which offset gains in merchandise pricing and higher intermodal and coal volumes. The company reported quarterly merchandise volumes of 645,000 units, marginally down from 647,000 units a year ago. Its total coal shipments were up 2% at 21.2 million tons, while domestic shipments were down 17% on the back of replenished utility stockpiles and weaker natural gas prices. Unfavorable winter weather and Show less Read more
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