Norfolk Southern Corp Q4 Profit Rises, but misses estimates

Norfolk Southern Corp (NSC) released earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's earnings came in at $790 million, or $3.42 per share. This compares with $760 million, or $3.12 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $3.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.7% to $3.24 billion from $2.85 billion last year.

Norfolk Southern Corp earnings at a glance (GAAP) :

-Earnings (Q4): $790 Mln. vs. $760 Mln. last year.
-EPS (Q4): $3.42 vs. $3.12 last year.
-Analyst Estimate: $3.44
-Revenue (Q4): $3.24 Bln vs. $2.85 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT