Norfolk Southern profit beats estimates
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.
- FBI, Secret Service investigate reports of cyber attacks on U.S. banks
- Breakthrough hopes dented as Ukraine accuses Russia of new incursion |
- Gaza truce holding but Israel's Netanyahu under fire at home |
- Zach Galifianakis, Louis C.K. comedy show 'Baskets' picked up by FX
- U.S. seeks coalition against Islamic State, but military partners no sure bet