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via finance.yahoo.comBusiness & Companies

Norfolk Southern profits rise on higher volume and record revenue

FROM THE WIRE · FINANCE.YAHOO.COM

Norfolk Southern's third-quarter profits rose as higher volume and rates, and fuel surcharges, produced record revenue. "Our third quarter was strong with steady execution, making notable improvements to our network while delivering solid results," Chief Executive Mark George…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSolid quarterly results from a major US railroad, relevant for the transport sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Revenue grew 14% to $3.52 billion.
  2. 02Earnings per share rose 7% to $3.37.
  3. 03The operating ratio was 67.4%, up 2.8 points mainly due to higher fuel costs.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Norfolk Southern CorporationNSCStock338.23 USDMarket closedtoday +3.09%Positive Union Pacific CorporationUNPStock298.09 USDMarket closedtoday +3.55%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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