Norfolk Southern Corp (NSC) has reported a decrease in profits for its fourth-quarter results when compared to the same period last year, failing to meet market expectations.
The company reported earnings of $527 million, or $2.32 per share, compared to last year's fourth-quarter earnings of $790 million, or $3.42 per share.
Upon excluding specific items, Norfolk Southern Corp's adjusted earnings were stated as $640 million, or $2.83 per share in the same period. This was lower than average analyst estimates of $2.87 per share, according to figures compiled by Thomson Reuters. These estimates typically omit special items when considered.
The company's revenue saw a 5.2% decline in the quarter, totaling $3.07 billion compared to last year's $3.24 billion.
For a quick overview (GAAP based), Norfolk Southern Corp's earnings came in at:
-Earnings (Q4): $527 million, down from $790 million the previous year.
-EPS (Q4): $2.32, down from $3.42 the previous year.
-Analyst Estimates: $2.87
-Revenue (Q4): $3.07 billion, down from $3.24 billion the previous year.
