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Norfolk Southern (NSC) shares soared Friday after the freight train operator posted better-than-expected profit as it cut costs and benefited from an insurance payment related to a 2023 derailment in East Palestine, Ohio.
LOS ANGELES, CA / ACCESSWIRE / July 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Norfolk Southern Corporation ("Norfolk Southern" or "the Company") (NYSE:NSC) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Norfolk Southern board breached its fiduciary duties to shareholders.
Norfolk Southern Corporation NSC shares are trading higher after the company reported second-quarter financial results yesterday, and several analysts revised their price target.
Norfolk Southern's (NSC) second-quarter 2024 revenues benefit from strength across its Merchandise segment.
Alan Shaw, Norfolk Southern CEO, joins 'Squawk on the Street' to discuss earnings, the aftermath of the East Palestine cleanup, and more.
Norfolk Southern Corporation (NYSE:NSC ) Q2 2024 Earnings Conference Call July 25, 2024 4:30 PM ET Company Participants Luke Nichols - Senior Director, IR Alan Shaw - President and CEO Mark George - EVP and CFO Ed Elkins - CMO John Orr - COO Conference Call Participants Tom Wadewitz - UBS Scott Group - Wolfe Research Ken Hoexter - Bank of America Jeff Kauffman - Vertical Research Partners Chris Wetherbee - Wells Fargo Brian Ossenbeck - JPMorgan Jon Chappell - Evercore ISI Brandon Oglenski - Barclays Ravi Shanker - Morgan Stanley Elliot Alper - TD Cowen Daniel Imbro - Stephens Incorporated Jordan Alliger - Goldman Sachs Walter Spracklin - RBC Capital Markets Stephanie Moore - Jefferies Operator Good afternoon, ladies and gentlemen, and welcome to Norfolk Southern Second Quarter 2024 Earnings Call. At this time, all participants are in listen-only mode.
Shares of Norfolk Southern Corp. rose after hours on Thursday, after the railroad operator reported second-quarter results that beat expectations and tightened up a key efficiency metric, as the company emerges from a fight with an activist shareholder and deals with the fallout from last year's derailment in Ohio.
Although the revenue and EPS for Norfolk Southern (NSC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Norfolk Southern (NSC) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $2.95 per share a year ago.
ATLANTA , July 25, 2024 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) announced Thursday its second quarter 2024 financial results. For the quarter, income from railway operations was $1.1 billion, the operating ratio was 62.8%, and diluted earnings per share were $3.25.