Investing.com - Norfolk Southern (NYSE:NSC) reported third quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.58 on revenue of $2.84B. Analysts polled by Investing.com anticipated EPS of $2.61 on revenue of $2.87B. That compared to EPS of $2.52 on revenue of $2.95B in the same period a year earlier. The company had reported EPS of $2.7 on revenue of $2.93B in the previous quarter.
For the year, Norfolk Southern (NYSE:SO) shares are up 26.36%, outperforming the S&P 500 which is up 20.95% year to date.
Norfolk Southern follows other major Transportation sector earnings this month
On Thursday, October 17, 2019, Union Pacific reported third quarter EPS of $2.22 on revenue of $5.52B, compared to forecasts of EPS of $2.31 on revenue of $5.67B.
United Parcel Service earnings beat analyst's expectations on Tuesday, with third quarter EPS of $2.07 on revenue of $18.32B. Investing.com analysts expected EPS of $2.06 on revenue of $18.36B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar