Norfolk Southern Stock Is Back In the Green This Year. Here's Why
Southern Company(SO) Investopedia·2024-07-27 03:45
Key TakeawaysNorfolk Southern cut costs and got an insurance payout that helped the railroad beat second-quarter earnings estimates.Revenue rose 2% to above $3 billion, led by a 4% rise on merchandise shipping revenue. The news lifted shares on Friday, returning them to positive territory in 2024. Norfolk Southern (NSC) shares soared Friday after the freight train operator posted better-than-expected profit as it cut costs and benefited from an insurance payment related to a 2023 derailment in East Palestin ...