A number of big-name dividend stocks reported earnings before the opening bell on Wednesday. Below, we break down all of the information that's important for dividend investors.
Norfolk Southern Boasts Record-Setting Earnings Results
Railway holding company Norfolk Southern (NSC) reported fourth quarter revenues of $2.9 billion, which were up 7% from last year’s Q4 results. The company posted net income for the quarter of $513 million, 0r $1.64 per share, much higher than last year’s $413 million, or $1.30 per share. NSC easily beat analysts’ estimates of $1.50 EPS on revenues of $2.85 billion. For the full year, NSC reported revenues of $11.2 billion and EPS of $6.04.
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