Norfolk Southern posts higher profit but falls short of forecasts
By: Reuters | Oct 22 2014 at 06:22 PM | Intermodal
No. 4 U.S. railroad Norfolk Southern Corp reported a higher quarterly profit on Wednesday with revenues rising in all commodity groups, but fell short of analyst expectations.
The Norfolk, Virginia-based company reported earnings per share of $1.79, up 17 percent from the $1.53 it reported for the same quarter in 2013. Analysts had on average expected earnings per share for the third quarter of $1.83.
The company reported revenue for the quarter of $3.02 billion, up 7 percent from same period the previous year. That was slightly below analyst expectations of $3.07 billion. (Reuters)