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Norfolk Southern's Net Profit Rises Despite Declining Volumes
Wednesday, July 24, 2019 - 10:11am | 422Read More...Norfolk Southern's (NYSE: NSC) second quarter net profit rose slightly as the company prepared to launch the next phase in its new precision scheduled railroading (PSR) operating model. Net profit increased 2 percent to $722 million in the second quarter compared with the same period in 2018....
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Norfolk Southern Announces New Cost Cutting Initiatives As Part Of Goal In Saving $650 Million Annually By 2020
Wednesday, March 2, 2016 - 8:56am | 243Read More...Norfolk Southern Cop. (NYSE: NSC) announced on Tuesday an update to its five-year strategic plan. Norfolk said it plans on consolidating its three operating regions into two, as of March 15. The company noted that by doing so it can enhance operating efficiencies, reduce costs, drive profitability...
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Canadian Pacific Seeing 'Overwhelming Support' From Shippers For Its Proposed Acquisition Of Norfolk Southern
Thursday, February 25, 2016 - 3:04pm | 221Read More...Canadian Pacific Railway Limited (NYSE: CP) said on Thursday that it has received "overwhelming support" from its customers for its proposal to acquire Norfolk Southern Corp. (NYSE: NSC). Related Link: UBS: Canadian Pacific-Norfolk Southern Combo Still Possible Canadian Pacific...
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Canadian Pacific Railway Reportedly Ends Proxy Fight For Norfolk Southern
Tuesday, February 9, 2016 - 12:22pm | 188Read More...Shares of Norfolk Southern Corp. (NYSE: NSC) were highly volatile on Tuesday after reports surfaced that Canadian Pacific Railway Limited (NYSE: CP) plans on abandoning its proxy fight for Norfolk Southern. Norfolk Southern's stock was trading at an intra-day high of $73.29 on Tuesday before...
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Norfolk Southern Investors Encouraged By Q4 Results, New Cost Cutting Initiatives
Wednesday, January 27, 2016 - 12:44pm | 375Read More...Shares of Norfolk Southern Corp. (NYSE: NSC) were trading higher by nearly 2 percent late Wednesday morning as investors positively reacted to the company's fourth quarter results and an announcement of a new cost cutting initiatives. Norfolk Southern earned $1.20 per share in the fourth...
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Norfolk Southern (Again) Rejects Canadian Pacific Buyout Proposal
Monday, December 14, 2015 - 11:46am | 400Read More...On Monday, Norfolk Southern Corporation (NYSE: NSC) officially announced that its buyout proposal from Canadian Pacific Railway Limited (NYSE: CP) had been rejected. The latest news follows an earlier rejection of the takeover by the company's board of directors on December 4. Norfolk...
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Canadian Pacific Sends Another Takeover Bid To Norfolk Southern: What It Says
Tuesday, December 8, 2015 - 10:42am | 551Read More...Shares of Norfolk Southern Corp. (NYSE: NSC) fell nearly 3 percent early Tuesday morning after the company confirmed it has received a revised and reduced takeover proposal from Canadian Pacific Railway Limited (USA) (NYSE: CP). Norfolk noted that CP's revised offer consists of a consideration of...
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Barron's Recap: Cat Fight Among The Telecoms
Sunday, November 9, 2014 - 8:47pm | 918Read More...This weekend in Barron's online: the cat fight among the big telecoms, the Barron's health and wealth roundtable, as well as the prospects for J.C. Penney, Norfolk Southern, Leucadia National, OM Group and more. Cover Story "Telecom's Cat Fight" by Tiernan Ray. While T-...
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Top Trending Tickers On StockTwits For January 22
Wednesday, January 22, 2014 - 11:57am | 878Read More...Here's a look at the top tickers trending on StockTwits.com: Coach: Iconic brand losing market share This morning Coach (NYSE: COH) released its second quarter results. The company reported an EPS of $1.06, missing the consensus estimate of $.11. Revenue declined 5.3 percent year over year at...
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Aetna and Other Stocks to Ride Out a Correction
Monday, May 6, 2013 - 12:46pm | 898Read More...With the markets running at record highs, analysts on the institutional portfolio strategy team at Oppenheimer are on the lookout for stocks that are likely hold their ground even if the markets should see a correction. Stocks that have made the list include Aetna (NYSE: AET), Lam Research (NASDAQ...
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Short Interest in Railroad Stocks on the Rise (CNI, CP, KSU)
Saturday, December 29, 2012 - 3:39pm | 771Read More...By and large, the short interest in railroad stocks rose during the first two weeks of December. The number of shares sold short in Canadian National Railway (NYSE: CNI), Canadian Pacific Railway (NYSE: CP), CSX (NYSE: CSX), Kansas City Southern (NYSE: KSU) and Norfolk Southern (NYSE: NSC)...
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Earnings Expectations for the Week of October 22
Monday, October 22, 2012 - 8:15am | 1199Read More...There are lots more on the earnings calendar this week, including results from Apple (NASDAQ: AAPL) for the three months that included the release of the iPhone 5. Monday Results from Caterpillar (NYSE: CAT) and Yahoo! (NASDAQ: YHOO) will be the highlights on Monday, and analysts expect to see...
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Norfolk Southern Earnings Warning Weighs on Rail Stocks
Thursday, September 20, 2012 - 1:51pm | 529Read More...Wednesday's earnings warning from rail transport company Norfolk Southern (NYSE: NSC) not only has its stock lower on Thursday, but it appears to have dragged down others in the industry as well. Of course, U.S. markets are lower in general Thursday as well. The Norfolk, Virginia-based rail...
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Earnings Expectations for the Week of July 23
Monday, July 23, 2012 - 7:07am | 1226Read More...The earnings crunch rolls on. Analysts are looking for strong earnings growth in this week's quarterly reports from Apple, Caterpillar, Starbucks and Visa. But ConocoPhillips, Ford and Netflix are among those expected to post significantly lower per-share earnings, compared to the same period of a...
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Earnings Expectations for the Week of April 23 (AAPL, XOM, UPS)
Sunday, April 22, 2012 - 11:23am | 1026Read More...Apple (NASDAQ: AAPL) seems to be in a sphere all by itself these days, and its fiscal second-quarter results no doubt will be the highlight of the earnings reports due this week. However, others also on tap this week to share their results for the most recent quarter include Amazon.com (NASDAQ:...
