Investing.com - Norfolk Southern (NYSE:NSC) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $2.57 on revenue of $2.9B. Analysts polled by Investing.com expected EPS of $2.29 on revenue of $2.86B. That compared to EPS of $1.69 on revenue of $2.67B in the same period a year earlier. The company had reported EPS of $2.52 on revenue of $2.95B in the previous quarter.
For the year, Norfolk Southern (NYSE:SO) shares are up 10.97%, outperforming the S&P 500 which is up 7.08% year to date.
Norfolk Southern follows other major Transportation sector earnings this month
On Thursday, Union Pacific reported fourth quarter EPS of $2.12 on revenue of $5.76B, compared to forecasts of EPS of $2.06 on revenue of $5.74B.
CSX earnings beat analyst's expectations on Wednesday, January 16, 2019, with fourth quarter EPS of $1.01 on revenue of $3.14B. Investing.com analysts expected EPS of $0.99 on revenue of $3.12B
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