ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Wednesday reported first-quarter profit of $750 million.
On a per-share basis, the Atlanta-based company said it had net income of $3.31. Earnings, adjusted for non-recurring gains, were $2.69 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.72 per share.
The railroad posted revenue of $2.99 billion in the period, which matched Street forecasts.
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