Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of control vote
Release time：2024-04-25 15:39:14 Source：Culture Circle news portal
Norfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publicly defend CEO Alan Shaw’s strategy again before investors decide on May 9 whether to back him. Since the railroad already preannounced its disappointing results earlier this month when it disclosed a $600 million settlement over the disastrous February 2023 Ohio derailment there were few surprises in Wednesday’s numbers.
Norfolk Southern confirmed the $53 million, or 23 cents per share, that it earned in the first quarter. Without the settlement and some other one-time costs, the railroad said it would have made $2.39 per share while Wall Street was predicting earnings of $2.60 per share. The Atlanta-based railroad’s profit dropped from $466 million, or $2.04 per share, a year ago even though the railroad delivered 4% more shipments during the quarter.
- Previous：Pedo school cop shoots himself dead after high
- Next：New Clemson coach Poppie adds former Alabama starting point guard McQueen to his program
Related articles
- A look at the Gaza war protests that have emerged on US college campuses
- Cancer experts urge Pharmac to fast
- Body removed after violent attack at Auckland sushi shop
- Efeso Collins' funeral to be held in Auckland on Thursday
- Nicole Brown's sister says she 'knows' OJ Simpson was guilty but has 'forgiven' him
- Revealed: Hilariously scathing one
- Qanon: Conspiracy theories weaponised by Russia and China around US Capitol violence
- Grant Robertson, the consummate political support partner
- A look at the Gaza war protests that have emerged on US college campuses
- School buildings: Central Auckland school left with no gym for years
- The Valley's Michelle Lally moves on from husband Jesse with rumored new boyfriend Aaron Nosler
- Alec Baldwin pleads not guilty to Rust shooting charge
- The best and worst airlines for 2024 named by Which?
- Cruise expert gives his verdict on Icon of the Seas' most expensive restaurant
- Prince Louis wore Prince George's £25 hand
- China tells Biden to reverse 'dangerous practice' on Taiwan world politics
- Motatau students make a splash with their underwater robotics
- Hurricanes Poua won't be allowed to repeat haka criticising government
- DEI bans: Conservative quest to limit diversity programs gains momentum
- Revealed: The 25 safest airlines for 2024
Random recommendation