Investing.com - Norfolk Southern (NYSE:NSC) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Norfolk Southern announced earnings per share of $3.45 on revenue of $3.3B. Analysts polled by Investing.com anticipated EPS of $3.47 on revenue of $3.13B.
Norfolk Southern shares are down 17.84% from the beginning of the year and are trading at $244.61 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 17.73% from the start of the year.
Norfolk Southern follows other major Industrials sector earnings this month
Norfolk Southern's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $3.29 on revenue of $24.77B, compared to forecasts EPS of $3.16 on revenue of $24.65B.
Union Pacific had beat expectations on Thursday, July 21, 2022 with second quarter EPS of $2.93 on revenue of $6.27B, compared to forecast for EPS of $2.84 on revenue of $6.12B.
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