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.
Keywords: Norfolk Southern, Earnings Report