Norfolk Southern: Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Wednesday reported third-quarter net income of $478 million.
On a per-share basis, the Atlanta-based company said it had profit of $2.10. Earnings, adjusted for non-recurring costs, came to $2.65 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.
The railroad posted revenue of $2.97 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $2.94 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