Norfolk Southern (NSC) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter declined year over year, while remaining nearly flat compared to the previous quarter. The company faced higher operating expenses that weighed on results.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter declined year over year, while remaining nearly flat compared to the previous quarter. The company faced higher operating expenses that weighed on results.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3B
Revenue reported for this quarter.
Quarter-over-quarter
-0.3%
Change from the immediately preceding quarter.
Year-over-year
-11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.3B
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 |
|---|---|---|
| Dec 31, 2022 | $3.2B | +13.5% |
| Mar 31, 2023 | $3.1B | +7.4% |
| Jun 30, 2023 | $3B | -8.3% |
| Sep 30, 2023 | $3B | -11.1% |
Revenue performance
Revenue performance was soft, with a notable drop from the same period last year. Operating costs increased, contributing to the weaker bottom line.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was essentially unchanged. However, versus the same quarter one year earlier, revenue decreased significantly.
What to watch
Monitor the trajectory of operating expenses and any potential impact from recent events on future costs.