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 earnings of $671 million.
The Norfolk, Virginia-based company said it had net income of $2.64 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.
The railroad posted revenue of $2.57 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $2.56 billion.
Insight by Kodak Alaris: Practitioners provide insight into how states and the IT industry are dealing with Real ID in this exclusive executive briefing.
For the year, the company reported profit of $2.01 billion, or $7.84 per share. Revenue was reported as $9.79 billion.
Norfolk Southern shares have risen slightly since the beginning of the year, while the Standard & Poor’s 500 index has increased 2.5%. The stock has increased 17% 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 © 2021 . All rights reserved. This website is not intended for users located within the European Economic Area.