Norfolk Southern Earnings Chug 47% Higher Thursday, October 28, 2:52 PM ET
Railroad Norfolk Southern has posted a 47% gain in third quarter earnings.
The company said net income totaled $445 million, or $1.19 per share, compared to $303 million, or $0.81 per share, in the same quarter last year.
Revenue rose 19%, to $2.5 billion.
Earnings per share exceeded analyst expectations, and revenue just about met estimates.
The company’s CEO said it sees an economy characterized by “slow growth, but growth nonetheless.”
Norfolk Southern shares are trading down around 1% Thursday.
Shares of rival Union Pacific (NYSE:
UNP) are trading up 1%, while CSX (NYSE: CSX) trades up .6%, and Canadian National Railway (NYSE: CNI) trades up nearly half a percent.
For MarketNewsVideo.com, I’m Sayoko Murase.
Friday Sector Leaders: Precious Metals, Transportation Services
Related symbols: PPP, GFI, ECHO, TAL
Friday Sector Laggards: Trucking, Semiconductors
Related symbols: SWFT, QLTY, SLAB, MXIM
Thursday Sector Leaders: Textiles, Computer Peripherals
Related symbols: UA, SKX, LOGI, FFIV
Friday's ETF with Unusual Volume: BIK
Related symbols: BIK, BIDU, PBR, YNDX
Friday's ETF Movers: GDXJ, XBI
Related symbols: PPP, DRD, PBYI, TSRO, XBI, GDXJ
IEF, LVL: Big ETF Outflows
Related symbols: IEF, LVL, MTS, VGR
Daily Dividend Report: DAL, CP, CMCSA, HON, NEE, TWC, SCHW, AA, NE, MAC, TAP
Related symbols: DAL, CP, CMCSA, HON, NEE, TWC, SCHW, AA, NE, MAC, TAP
Daily Dividend Report: INTC, MRK, V, BLK, AAL
Related symbols: INTC, MRK, V, BLK, AAL
Daily Dividend Report: NDAQ, RTN, ECA, OII, HSY
Related symbols: NDAQ, RTN, ECA, OII, HSY
Weekly Market Wrap: July 25, 2014
Related symbols: FB, SIRI, AAPL, F, INTC, BAX, ALL, CCE, JNJ, HAL
Weekly Market Wrap: July 18, 2014
Related symbols: AMD, BAC, ZNGA, GE, SLB, GLW, CAG, GS
Weekly Market Wrap: July 11, 2014
Related symbols: AAPL, BAC, FB, GE, MTG, OXY, TMO, CVS, COP, PSX, CSX
Week Ahead Market Report: July 21, 2014
Related symbols: GE, PLUG, FB, BAC, CMCSA, CA, ETFC, DAL, AMZN, BIDU, AON
Week Ahead Market Report: July 14, 2014
Related symbols: AMD, BAC, AAPL, C, GS, BAC, AMD, GE
Week Ahead Market Report: July 7, 2014
Related symbols: AAPL, CBS, SIRI, AA, WDFC, FDO, FAST
All videos » |
Stock market definitions »
Norfolk Southern Earnings Chug 47% Higher
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.