Norfolk Southern profit beats estimates

Tue Jan 22, 2013 4:20pm EST

Jan 22 (Reuters) - Norfolk Southern Corp, the third-largest U.S. public railroad company, reported a better-than-expected quarterly profit, helped by higher intermodel and merchandise revenue.

The Norfolk, Virginia-based company reported net income of $413 million, or $1.30 per share, for the quarter ended Dec. 31, compared with $480 million, or $1.42 per share, a year earlier.

Analysts on average were expecting earnings of $1.19 per share, according to Thomson Reuters I/B/E/S.

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A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

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