ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Friday reported first-quarter net income of $547 million.
The Atlanta-based company said it had net income of $2.43 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $2.65 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.51 per share.
The railroad posted revenue of $3 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $2.99 billion.
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