09:42 AM EDT, 04/09/2024 (MT Newswires) -- Norfolk Southern ( NSC ) reported preliminary Q1 adjusted earnings Tuesday of $2.49 per diluted share.

Analysts polled by Capital IQ expect $2.57.

Preliminary railway operating revenue is seen at about $3 billion. Analysts surveyed by Capital IQ expect $3.02 billion.

The company said its Q1 results include the effect of the $600 million it has agreed in principle to pay to settle a class action lawsuit over the derailment of one of its trains in East Palestine, Ohio, in February 2023.

The company plans to release its full Q1 earnings results premarket April 24.

Shares of the company were up more than 2% in recent early Tuesday trading.

Price: 255.38, Change: +5.12, Percent Change: +2.05