Norfolk Southern shares gained 3.09% after Q3 earnings beat

On October 22, NSC closed at $338.23, up 3.09%. Reuters reported adjusted Q3 EPS of $3.62 versus LSEG analysts’ $3.47 estimate and $3.30 a year earlier. Reuters cited strong freight demand and fuel surcharges that largely recovered higher fuel costs; it also reported adjusted operating ratio of 67.4%, 280 bps worse year over year.