Investing.com - Norfolk Southern (NYSE:NSC) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Norfolk Southern announced earnings per share of $2.51 on revenue of $2.51B. Analysts polled by Investing.com anticipated EPS of $2.37 on revenue of $2.5B.
Norfolk Southern shares are down 7.4% from the beginning of the year, still down 9.40% from its 52 week high of $224.77 set on September 16. They are under-performing the S&P 500 which is up 4.95% from the start of the year.
Norfolk Southern shares gained 2.46% in pre-market trade following the report.
Norfolk Southern follows other major Transportation sector earnings this month
Norfolk Southern's report follows an earnings beat by United Parcel Service on Wednesday, who reported EPS of $2.28 on revenue of $21.24B, compared to forecasts EPS of $1.88 on revenue of $20.19B.
Union Pacific had missed expectations on October 22 with third quarter EPS of $2.01 on revenue of $4.92B, compared to forecast for EPS of $2.06 on revenue of $4.93B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar