Norfolk Southern Drops on Slight Revenue Miss

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Railroad company Norfolk Southern (NSC) beat earnings expectations, but revenue came in below analysts’ estimates and shares slid 2.6% after hours.

Norfolk Southern posted $1.42 of EPS, 2 cents better than expectations. Revenue of $2.8 billion just missed consensus estimates for $2.83 billion. General merchandise revenues rose 13% and coal revenues rose 24% in the quarter, as Norfolk Southern posted full-year records for income and revenue.

The company also announced earlier today that it will increase its quarterly dividend to 47 cents per share from 43 cents.



Original Article Source by Barrons.com