Norfolk Southern: Q4 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Friday reported fourth-quarter earnings of $527 million.
On a per-share basis, the Atlanta-based company said it had net income of $2.32. Earnings, adjusted for non-recurring costs, came to $2.83 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 $2.90 per share.
The railroad posted revenue of $3.07 billion in the period, which also fell short of Street forecasts. Six analysts surveyed by Zacks expected $3.11 billion.
For the year, the company reported profit of $1.83 billion, or $8.02 per share. Revenue was reported as $12.16 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
