Rail Sector Sinks on Norfolk Southern Earnings Warning (CNI, CP, CSX, KSU, NSC, UNP)

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By Trey Thoelcke Published
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The rail sector has taken a hit this morning after Norfolk Southern Corp. (NYSE: NSC) warned late yesterday that its third-quarter earnings will fall well below expectations.

Norfolk Southern now expects earnings of between $1.18 and $1.25 per share for the quarter that ends this month. That is well below the $1.64 per share that analysts surveyed by Thomson Reuters were expecting, as well as below the $1.59 per share in last year’s quarter.

The company blamed the disappointing results on lower shipments of merchandise and of coal, as well as fuel surcharges that have not kept up with price increases.

Norfolk Southern is down more than 7% to $67.10, in a 52-week range of $57.57 to $78.50.

Union Pacific Corp. (NYSE: UNP) is down about 3% to $121.32, in a 52-week range of $77.73 to $129.27.

CSX Corp. (NYSE: CSX) is down almost 4% to $21.92, in a 52-week range of $17.69 to $23.71.

Canadian National Railway Co. (NYSE: CNI) is down more than 3% to $90.56, in a 52-week range of $61.82 to $94.83.

Canadian Pacific Railway Ltd.(NYSE: CP) is down less than 3% to $83.03, in a 52-week range of $44.74 to $88.23.

Kansas City Southern (NYSE: KSU) is down almost 3% to $76.91, in a 52-week range of $46.89 to $83.95.

Photo of Trey Thoelcke
About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.

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