ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Thursday reported third-quarter net income of $711 million.
On a per-share basis, the Atlanta-based company said it had net income of $3.16. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $3.30 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.18 per share.
The railroad posted revenue of $3.1 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $3.09 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSC at https://www.zacks.com/ap/NSC
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