Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
NORFOLK, Va. (AP) _ Norfolk Southern Corp. (NSC) on Wednesday reported fourth-quarter net income of $666 million.
On a per-share basis, the Norfolk, Virginia-based company said it had profit of $2.55.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The railroad posted revenue of $2.69 billion in the period, which met Street forecasts.
For the year, the company reported profit of $2.72 billion, or $10.25 per share. Revenue was reported as $11.3 billion.
Norfolk Southern shares have risen 5.5% since the beginning of the year, while the Standard & Poor’s 500 index has climbed slightly more than 1%. The stock has increased 24% in the last 12 months.
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 https://www.zacks.com/ap/NSC
Copyright © 2020 The Associated Press. All rights reserved. This website is not intended for users located within the European Economic Area.