Norfolk Southern Corporation 1998 Annual Report - Countdown to Growth
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Quarterly financial data
(UNAUDITED)
Three Months Ended
March 31
June 30
Sept. 30
Dec. 31
(In millions of dollars except per share amounts)
1998
Railway operating revenues
$
1,066
$
1,079
$
1,048
$
1,028
Income from railway operations
251
293
258
250
Income from continuing operations
132
187
151
160
Net income
229
187
158
160
Earnings per share - Basic
$
0.61
$
0.49
$
0.42
$
0.42
- Diluted
$
0.61
$
0.48
$
0.42
$
0.42

1997
Railway operating revenues
$
1,046
$
1,067
$
1,048
$
1,062
Income from railway operations
281
321
297
314
Income from continuing operations
125
186
169
219
Net income
128
190
179
224
Earnings per share - Basic
$
0.34
$
0.51
$
0.47
$
0.59
- Diluted
$
0.34
$
0.50
$
0.47
$
0.59

All per share amounts have been restated to reflect the Sept. 5, 1997, three-for-one stock split.

Stock price
and dividend information

(UNAUDITED)

The common stock of Norfolk Southern Corporation, owned by 51,727 stockholders of record as of Dec. 31, 1998, is traded on the New York Stock Exchange with the symbol NSC. The following table shows the high and low sales prices and dividends per share, by quarter, for 1998 and 1997, after restatement for the Sept. 5, 1997, three-for-one stock split.
Quarter
1998
1st
2nd
3rd
4th
Market Price
High
$
41
3/4
$
39
1/16
$
31
1/2
$
34
15/16
Low
29
1/2
28
5/8
27
7/16
27
7/16
Dividends per share
$
0.20
$
0.20
$
0.20
$
0.20
 

1997
1st
2nd
3rd
4th
Market Price
High
$
32
3/4
$
35
1/8
$
38
1/8
$
34
7/8
Low
28
3/8
28
3/16
31
9/16
29
7/16
Dividends per share
$
0.20
$
0.20
$
0.20
$
0.20
 

Norfolk Southern Corporation 1998 Annual Report - Countdown to Growth
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