Current location:style >>
Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of control vote
style7People 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 Sphere news portal”。http://www.havadist.com/tag/soykirimi
Related articles
The summer after Barbenheimer and the strikes, Hollywood charts a new course
style“ Barbenheimer ” is a hard act to follow. But as Hollywood enters another summer movie season, armed ...
【style】
Read moreXi Calls for Fostering Closer China
styleContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【style】
Read moreXi Focus: Xi Stresses Building up China's Strength in Agriculture at Key Rural Work Conference
styleContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【style】
Read more
Popular articles
- David Beckham broke major rule at wife Victoria's star
- President Xi to Make New Year Address to Ring in 2023
- Xi, Angolan President Exchange Congratulations on 40th Anniversary of Diplomatic Ties
- Beijing looks to boost green technology development
- Pascal Siakam leads resurgent Pacers offense in 125
- Xi Story: The People — Never Absent in Xi's New Year Addresses
Latest articles
No final decision on withdrawing US troops from Niger and Chad, top official tells AP
Xi Focus: Ringing in 2023, Xi Stresses Hard Work, Unity to Make Tomorrow's China a Better Place
Xi Focus: Xi Addresses Opening Ceremony of High
China's gigantic telescope provides nearly 900 observation hours to foreign researchers
Timberwolves take 2
Chinese vice premier stresses implementation of projects funded by gov't bonds
LINKS
- Does China import zero soybeans from Paraguay? — Radio Free Asia
- Eye on the ball! King Felipe of Spain and King Willem
- Lockdown lifts at Grand Forks Air Force Base in North Dakota after report of a single gunshot
- Who owns businesses in California? A lawmaker wants the public to know
- Bizarre $1,000 ballet flat sneakers take the fashion world by storm
- Josh Smith's pinch
- Caitlin Clark looks like a natural as Indiana Fever introduce WNBA's top draft pick
- Judges orders Pennsylvania agency to produce inspection records related to chocolate plant blast
- Kentucky lawmaker says he wants to renew efforts targeting DEI initiatives on college campuses
- South Carolina Republicans reject 2018 Democratic governor nominee's bid to be judge