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Norfolk Southern posts 1Q profit of $310 million, result matches expectations

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NORFOLK, Virginia — Norfolk Southern Corp. (NSC) on Wednesday reported first-quarter net income of $310 million.

The Norfolk, Virginia-based company said it had net income of $1 per share.

The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $1 per share.

The railroad posted revenue of $2.57 billion in the period.

Norfolk Southern shares have declined nearly 5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 3 percent. The stock has increased 11 percent in the last 12 months.

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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 http://www.zacks.com/ap/NSC

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Keywords: Norfolk Southern, Earnings Report

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