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Norfolk Southern Earnings Are Coming. Expect an Ohio Derailment Charge.

Por: MarketWatch Business April 26, 2023

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That earnings estimate doesn’t appear to include a big charge for the early February derailment of a train near East Palestine, Ohio, that released hazardous vinyl chloride gas into the atmosphere. Street EPS estimates are down about 7 cents a share since the accident. That’s a pretax reduction of roughly $25 million. The costs not covered by insurance might run to almost $350 million, or about $1.50 a share before tax. Investors are likely... + full article



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