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.
Tuesday Sector Leaders: Airlines, Specialty Retail Stocks
Related symbols: ZNH, CEA, FLWS, SPLS
Tuesday Sector Laggards: Music & Electronics Stores, Precious Metals
Related symbols: CONN, RSH, ANV, SAND
Friday Sector Leaders: Music & Electronics Stores, Information Technology Services
Related symbols: RSH, CONN, RALY, SPLK
Tuesday's ETF with Unusual Volume: FRN
Related symbols: FRN, BVN, BSAC, EOC
Tuesday's ETF Movers: IYT, XOP
Related symbols: UAL, ALK, MHR, GST, XOP, IYT
SH, FXS: Big ETF Outflows
Related symbols: SH, FXS
Daily Dividend Report: JE, TSS, EGAS, EDUC, EFSC, WSBC
Related symbols: JE, TSS, EGAS, EDUC, EFSC, WSBC
Daily Dividend Report: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Related symbols: EIX, RRC, LRCX, LINE, LNCO, PKG, BIG, BWS
Daily Dividend Report: TD, HUM, ROC, WR, CBL, PPS, OFG
Related symbols: TD, HUM, ROC, WR, CBL, PPS, OFG
Weekly Market Wrap: August 29, 2014
Related symbols: RSH, AAPL, BAC, TWTR, HUM, BBY, CSCO, LOW, PPL, SYY
Weekly Market Wrap: August 22, 2014
Related symbols: BAC, AAPL, CRM, NOC, JWN, JOY, CTL, WHR, GPS
Weekly Market Wrap: August 15, 2014
Related symbols: JCP, BAC, SIRI, AAPL, MMM, NKE, EFX, UNH, PRU
Week Ahead Market Report: September 2, 2014
Related symbols: CWPR, AAPL, BAC, HRB, JOY, PAY
Week Ahead Market Report: August 25, 2014
Related symbols: BAC, ITMN, AAPL, JCP, TIF, GCO, BIG, BBY
Week Ahead Market Report: August 18, 2014
Related symbols: AMD, DG, AAPL, DKS, HD, AEO, HP, GPS, DLTR, FL
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.