Norfolk Southern (NSC) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the preceding period but declined from the same quarter a year ago. The sequential improvement reversed the prior quarterly downtrend, though the annual comparison remained negative.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the preceding period but declined from the same quarter a year ago. The sequential improvement reversed the prior quarterly downtrend, though the annual comparison remained negative.
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
+3.4%
Change from the immediately preceding quarter.
Year-over-year
-5.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.2B
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 |
|---|---|---|
| Mar 31, 2023 | $3.1B | +7.4% |
| Jun 30, 2023 | $3B | -8.3% |
| Sep 30, 2023 | $3B | -11.1% |
| Dec 31, 2023 | $3.1B | -5.1% |
Revenue performance
The reported revenue rose from the immediately prior quarter, marking a positive sequential change. However, compared to the same quarter last year, revenue was lower, indicating continued headwinds on an annual basis.
Quarterly comparison
Versus the preceding quarter, revenue improved, breaking a streak of sequential declines seen earlier in the fiscal year. Relative to the year-earlier quarter, the decline narrowed from the previous quarter’s year-over-year drop, though the figure remained below the prior year’s level.
What to watch
Monitor whether the sequential recovery can be sustained while the year-over-year gap narrows further in upcoming quarters.