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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 3.04B | 8.6% |
Gross Profit | 2.07B | 22.4% |
Cost of Revenue | 970M | 12.5% |
Operating expense | 186M | 38.4% |
Net Income | 737M | 1290.6% |
EBITDA | 1.44B | 237.6% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 42.6B | 1% |
Total Liabilities | 29.6B | 0% |
Total Equity | 13B | 3.5% |
Shares Outstanding | 226M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 1.04B | 23.5% |
Cash from investing | -723M | 60.8% |
Cash from financing | -306M | 443.8% |
EPS
Financial Highlights for Norfolk Southern Railway in Q2 '24
Norfolk Southern Railway reported a revenue of 3.04B, which is a 8.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.07B, marking a 22.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 970M, a -12.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 186M, showing a -38.4% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 737M, showing a 1290.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.44B, showing a 237.6% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Norfolk Southern Railway with growth in revenue, gross profit, and net income.