By Katherine Hamilton
Norfolk Southern posted a higher first-quarter profit and reiterated full-year guidance despite economic uncertainty.
The railroad company on Wednesday posted a profit of $750 million, or $3.31 a share, in the first quarter, compared with $53 million, or 23 cents a share, a year earlier.
Stripping out certain one-time items, adjusted per-share earnings were $2.69, ahead of the $2.66 forecast by analysts, according to FactSet.
Norfolk Southern said the adjusted figure excluded costs associated with the 2023 train derailment in East Palestine, Ohio. Insurance recoveries related to the incident exceeded incremental costs in the quarter, it said.
Revenue fell to $2.99 billion from $3 billion a year earlier. Analysts surveyed by FactSet forecast revenue of $2.97 billion.
Norfolk Southern reiterated its full-year guidance, adding that it does so while recognizing uncertainty in the economy.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
April 23, 2025 08:29 ET (12:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。