Reported 1 day ago
Norfolk Southern, a major U.S. railroad company, reported a quarterly profit of $3.04 per share, surpassing analyst expectations of $2.95, aided by significant cost cuts and unexpected insurance recoveries from a past derailment. Although total revenue fell to $3 billion, the company managed to improve its operating ratio to 64.9%, indicating better margins amidst challenges from a previous incident that resulted in over $1 billion in losses.
Source: YAHOO