Investing.com - Norfolk Southern (NYSE:NSC) reported second quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $2.7 on revenue of $2.93B. Analysts polled by Investing.com forecast EPS of $2.79 on revenue of $2.95B. That compared to EPS of $2.5 on revenue of $2.9B in the same period a year earlier. The company had reported EPS of $2.51 on revenue of $2.84B in the previous quarter.
Norfolk Southern (NYSE:SO) shares lost 5.43% to trade at $186.00 in pre-market trade following the report.
For the year, Norfolk Southern shares are up 31.52%, outperforming the S&P 500 which is up 21.34% year to date.
Norfolk Southern follows other major Transportation sector earnings this month
On Thursday, July 18, 2019, Union Pacific reported second quarter EPS of $2.22 on revenue of $5.6B, compared to forecasts of EPS of $2.15 on revenue of $5.64B.
United Parcel Service earnings beat analyst's expectations on Wednesday, with second quarter EPS of $1.96 on revenue of $18.05B. Investing.com analysts expected EPS of $1.93 on revenue of $17.96B
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