Current location:world >>
Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of control vote
world911People have gathered around
IntroductionNorfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publ ...
Norfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him. Since the railroad already preannounced its disappointing results earlier this month when it disclosed a $600 million settlement over the disastrous February 2023 Ohio derailment there were few surprises in Wednesday’s numbers.
Norfolk Southern confirmed the $53 million, or 23 cents per share, that it earned in the first quarter. Without the settlement and some other one-time costs, the railroad said it would have made $2.39 per share while Wall Street was predicting earnings of $2.60 per share. The Atlanta-based railroad’s profit dropped from $466 million, or $2.04 per share, a year ago even though the railroad delivered 4% more shipments during the quarter.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Stance news portal”。http://croatia.elfsignes.com/html-4a599455.html
Related articles
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
worldARLINGTON, Texas (AP) — Kevin Pillar tucked a keepsake ball into his bag from his 1,000th career hit ...
【world】
Read moreHousing Project Improves Grassland Life at Winter Pastures in Xizang
worldContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【world】
Read moreChina urges US to stop poisoning public support for bilateral ties
worldChina urges the United States to stop poisoning the public support for the bilateral ties, and corre ...
【world】
Read more
Popular articles
- Nadal returns to Roland Garros to practice amid doubts over fitness and form
- Tibetan Festival Celebrated at Foot of 'China's Most Beautiful Peak'
- County in E China Develops Rope Net Industry
- Participants of 2nd Forum on China
- Socialite Jasmine Hartin enjoys beach snuggle with electrician hunk
- China, Germany financial cooperation yields fruitful results
Latest articles
Fresh heartache for cancer
10th National Constitution Day Marked in China
Scenic Area Opens to Promote Night Economy in Xinjiang
Young People Infuse Vibrancy into Chinese Square Dancing
Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
Russia mourns victims of deadly terrorist attack
LINKS
- Special bonds aim to promote demand, growth
- Alanna Smith scores career
- Missouri doomsday BUNKER complete with its own 80ft antenna tower hits the market for $300,000
- Sony Group, The Container Store rise; Alibaba, Smart Sand fall, Tuesday, 5/14/2024
- Jeremy Hunt hails cost
- Agreement boosts joint work on parks
- Baseball returning to the Atlanta site where Hank Aaron hit his 715th home run
- As Melinda French Gates leaves the Gates Foundation, many hope she’ll double down on gender equity
- Roku will stream MLB games on Sundays. What to know
- Yankees injuries: DJ LeMahieu nears rehab assignment, Gerrit Cole throws another bullpen