Thread regarding Norfolk Southern Corp. layoffs

What can we expect after the Q4 earnings report?

Norfolk Southern Corp. NSC, -0.78% reported Wednesday fourth-quarter profit and revenue that topped Wall Street estimates, as the company's railroad operating ratio improved. The stock was still inactive in premarket trading. Net income rose to $760 million, or $3.12 a share, from $671 million, or $2.64 a share, in the year-ago period. The FactSet consensus for earnings per share was $3.04. Total railway revenue increased 10.8% to $2.85 billion, topping the FactSet consensus of $2.83 billion, as intermodal and coal revenue beat expectations while merchandise revenue was in line. Revenue growth outpaced the 8.4% rise in operating expenses to $1.72 billion, which included a 2% increase in compensation and benefits expense. Railway operating ratio improved to a fourth-quarter record of 60.4% from 61.8%. The stock has lost 4.2% over the past three months, while the Dow Jones Transportation Average DJT, 0.60% has declined 4.7% and the Dow Jones Industrial Average DJIA, 0.74% has slipped 4.1%.

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Post ID: @OP+1eZU5stv

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Here's the summary: They've cut to the bone and the bone itself. They can't grow because they have having a difficult time retaining employees and getting new hires who don't want the lifestyle. They expect the operating ratio to stay about the same in the first half of 2022. They expect many of the network problems to improve in the later half of 2022.

Post ID: @2znl+1eZU5stv

If be expecting a swift kick to the sac.

Post ID: @1cjg+1eZU5stv

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