Current location:Culture Capsule news portal > entertainment
Norfolk Southern's earnings offer railroad chance to defend its strategy ahead of control vote
Culture Capsule news portal2024-05-22 10:36:15【entertainment】3People have gathered around
IntroductionNorfolk Southern’s first-quarter earnings report Wednesday gave the railroad the opportunity to publ
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.
Address of this article:http://lithuania.downmusic.org/content-5b699343.html
Very good!(63)
Related articles
- Biden to release 1 million barrels of gasoline in bid to lower prices at pump
- Investing in China is a superior option for multinationals
- Investing in China is a superior option for multinationals
- Cliffs that sport mystical tattoos
- Hometown of Laura Ingalls Wilder set for a growth spurt
- Rare golden monkeys thrive at Chinese world heritage site
- Bayern without fans against Arsenal, Dortmund facing knockout monsters Atletico
- China to further integrate culture, tourism
- Syrian first lady Asma Assad diagnosed with leukemia, president's office says
- Nadal says he is not 100% fit ahead of Madrid debut
Popular articles
Recommended
Seoul AI summit opens with companies including Google, Meta, OpenAI pledging to develop AI safely
Rosie Huntington
Inter Milan 2
Nadal says he is not 100% fit ahead of Madrid debut
Thailand welcomes the return of trafficked antiquities from New York's Metropolitan Museum
Grinning dog
Cambodia welcomes 1st Chinese flight, tourists to Siem Reap
Canucks facing doubters ahead of 2nd
Links
- CBA playoffs: Shanghai crush Beijing to reach last eight
- KMT delegation holds talks with representatives of Taiwan businesspeople, youths on mainland
- Ice blocks prepared for Harbin snow world
- Real Madrid complaint says ref 'negligent' on Vinicius abuse
- Expanded Xinjiang Museum opens to public
- Laos eyes influx of Chinese tourists
- Yang sets national record in women's 100m freestyle
- Hanjiang River in south China sees 3rd flood of 2024
- Yanqing's top destinations to travel around in autumn
- Wu Lei brace sees China cruise past Singapore