Norfolk Southern’s Q2 2016 Earnings Review: Top Line Pressure Weighs On Results

-10.40%
Downside
256
Market
230
Trefis
NSC: Norfolk Southern logo
NSC
Norfolk Southern

Norfolk Southern reported a slight decline in its earnings per share in Q2 2016, with lower costs only partially offsetting the impact of lower revenue on earnings. A sharp decline in coal shipments, as a result of a decline in demand for the commodity from utilities amid soft natural gas prices, and lower fuel surcharge revenue, as a result of a decline in crude oil and diesel prices, drove the decline in the company’s Q2 revenue. However, lower volume-related costs, particularly lower fuel expenses, partially offset the impact of top line headwinds on the company’s earnings.

NSC Q2 2016 Earnings Review

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Norfolk Southern

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