This Railroad Stock Just Saw Profits Jump 27%
Railroad operator Norfolk Southern (NYSE: NSC) just posted Q3 revenue of $3.3 billion, a new company record and a 17% increase year over year. This was the result of replenished crews and increased efficiency. Norfolk Southern carried in 27% more profit than the same period last year.
Is now the time to buy the dip on Norfolk Southern? Despite the company setting revenue records, the stock is down roughly 25% from its December 2021 highs.
With the goal of being the safest, successful, and most customer-focused transportation company in the world, Norfolk Southern has hauled America's freight since 1827. The historic railway remains a considerable carrier of industrial, agricultural, and consumer products.
Source Fool.com
