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ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Wednesday reported fourth-quarter profit of $733 million.
On a per-share basis, the Atlanta-based company said it had net income of $3.23. Earnings, adjusted for non-recurring gains, were $3.04 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.95 per share.
The railroad posted revenue of $3.02 billion in the period, which missed Street forecasts. Six analysts surveyed by Zacks expected $3.03 billion.
For the year, the company reported profit of $2.62 billion, or $11.57 per share. Revenue was reported as $12.12 billion.
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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 https://www.zacks.com/ap/NSC