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0.000313627097381107 0.00373216245883644 0.00373216245883644 0.00373216245883644 0.00818566724164954 0.00617845381840982 0.00558256233338552 0.00316763368355023
Stock impact report

Norfolk Southern's profit fell 27% as it didn't collect insurance payments for Ohio derailment [Yahoo! Finance]

Norfolk Southern Corporation (NSC) 
Last norfolk southern corporation earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The Atlanta-based railroad said Friday that it earned $547 million, or $2.43 per share. That's down from $750 million , or $3.31 per share, a year ago. The disastrous derailment in the small town on the Ohio-Pennsylvania border has generally boosted earnings in recent quarters as the railroad collected insurance payments, but that wasn't the case this time, so it combined with planning costs related to the merger, the derailment reduced earnings per share by 22 cents. Without those unusual costs, the railroad's profit would have beat Wall Street estimates. The analysts surveyed by FactSet Research predicted the railroad would earn $2.51 per share. CEO Mark George said the railroad also dealt with the uncertain economy that reduced the shipments it delivered by 1%, along with severe weather and rapidly rising fuel costs. “Despite these challenges, our employees safely delivered a solid service product, managed costs effectively, and earned the continued trust of our customers. A Show less Read more
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