Norfolk Southern Shares Pop After Q1 Results Beat Estimates
Norfolk Southern Corp (NYSE:NSC) reported first-quarter FY22 railway operating revenue growth of 10% year-over-year to $2.9 billion, beating the consensus of $2.84 billion. Revenue was driven by a 16% increase in revenue per unit. Sales by segments: Merchandise $1.67 billion (+3.9% Y/Y), Intermodal $854 million (+18.9% Y/Y) and Coal $389 million (+24.7%…
Benzinga ·