Norfolk Southern (NSC) Revenue — Quarter Ended Mar 31, 2023
Revenue for the reported quarter declined compared to the immediately preceding quarter. However, it rose relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the reported quarter declined compared to the immediately preceding quarter. However, it rose relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1B
Revenue reported for this quarter.
Quarter-over-quarter
-3.2%
Change from the immediately preceding quarter.
Year-over-year
+7.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$13B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $3.3B | +16.1% |
| Sep 30, 2022 | $3.3B | +17.2% |
| Dec 31, 2022 | $3.2B | +13.5% |
| Mar 31, 2023 | $3.1B | +7.4% |
Revenue performance
Revenue decreased from the prior quarter, breaking a streak of consecutive quarterly gains. The trailing twelve-month revenue remained above the prior year's level.
Quarterly comparison
Compared with the preceding quarter, revenue was lower. In contrast, revenue was higher than in the same quarter one year earlier.
What to watch
The sequential decline marks a reversal from the prior quarters' upward trend.