Norfolk Southern's First Quarter: Revenue, Per-Share Earnings Surpass Expectations

Atlanta, GA (Associated Press) — Norfolk Southern Corp. (NSC) on Wednesday (April 27) reported first-quarter earnings of $703 million.

The Atlanta-based company said it had net income of $2.93 per share.

The results surpassed Wall Street expectations.

The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.91 per share.

The railroad posted revenue of $2.92 billion in the period, also beating Wall Street forecasts.

Five analysts surveyed by Zacks expected $2.82 billion.