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Actionable news in NSC: NORFOLK SOUTHERN Corp,

Norfolk Southern profit and revenue rise, beat expectations

Norfolk Southern Corp. NSC, +0.33% reported Wednesday third-quarter net income that rose to $506 million, or $1.75 a share, from $460 million, or $1.55 a share, in the same period a year ago. The railroad company said revenue increased to $2.67 billion from $2.52 billion, above the FactSet consensus of $2.64 billion, as slight beats in intermodal and coal revenue offset a slight miss in intermodal revenue. All three segments showed revenue growth. The stock was still inactive in premarket trade. It has run up 11.2% over the past three months, while the Dow Jones Transportation Average DJT, +0.12% has gained 4.9% and the Dow Jones Industrial Average DJIA, +0.72% has climbed 8.5%.


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