More from Dividend.com
Referenced Stocks

Norfolk Southern Q1 Profit Jumps 26%, Beating View (NSC)

By Dividend.com,  April 24, 2012, 04:48:33 PM EDT

Railroad operator Norfolk Southern Corp. ( NSC ) late Tuesday posted better-than-expected first quarter earnings results, helped by higher revenue and lower costs..

The Norfolk, VA-based company reported first quarter net income of $410 million, or $1.23 per share, compared with $325 million, or 90 cents per share, in the year-ago period.

Revenue rose 7.7% from last year to $2.8 billion.

On average, Wall Street analysts expected a much smaller profit of $1.12 per share on slightly lower revenue of $2.75 billion.

Norfolk Southern shares closed up 82 cents, or +1.2%, in Tuesday trading.

The Bottom Line
Shares of Norfolk Southern ( NSC ) have a 2.68% dividend yield, based on today's closing stock price of $70.22. The stock has technical support in the $65 price area. If the shares can firm up, we see overhead resistance around the $75 price level.

Norfolk Southern Corp. ( NSC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: NSC



Latest News Video



Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.31 0.13  0.97%
PFE $ 29.30 0.52  1.81%
GE $ 23.86 0.20  0.85%
F $ 14.97 0.02  0.13%
MSFT $ 34.61 0.24  0.69%
QQQ $ 73.65 0.62  0.83%
MU $ 10.92 0.31  2.76%
INTC $ 24.07 0.08  0.33%