Norfolk Southern's profit fell 27% as it didn't collect big insurance payments for Ohio derailment [CBS News]
Norfolk Southern Corporation (NSC)
Last norfolk southern corporation earnings: 4/29 08:00 am
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Source: CBS News
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, and earnings per share were reduced by 22 cents. Last year's results were also helped by some land sales. Without those unusual costs, the railroad's profit would have beaten 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
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News
- Norfolk Southern (NSC) was downgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "buy (b-)" to "hold (c+)".MarketBeat
- Union Pacific's Big Boy to Tour the Northeast for First Time in Honor of America's 250th Anniversary [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern (NSC) had its price target raised by Robert W. Baird from $315.00 to $330.00. They now have a "neutral" rating on the stock.MarketBeat
- Norfolk Southern Q1 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
- Norfolk Southern (NSC) had its price target raised by BMO Capital Markets from $305.00 to $310.00. They now have a "market perform" rating on the stock.MarketBeat
NSC
Earnings
- 4/24/26 - Beat
NSC
Sec Filings
- 4/28/26 - Form 4
- 4/24/26 - Form 10-Q
- 4/24/26 - Form 8-K
- NSC's page on the SEC website