ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Thursday reported fourth-quarter earnings of $644 million.
The Atlanta-based company said it had net income of $2.87 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $3.22 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.78 per share.
The railroad posted revenue of $2.97 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $3 billion.
For the year, the company reported profit of $2.87 billion, or $12.75 per share. Revenue was reported as $12.18 billion.
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