(Reuters circulated the following story on April 24.)
CHICAGO — U.S. railroad Burlington Northern Santa Fe Corp. said on Tuesday that quarterly net profit fell, citing a 14 cent-a-share charge related to environmental expenses.
The Fort Worth, Texas-based company reported first-quarter net income of $349 million or 96 cents a share, compared with $410 million or $1.09 a share, a year earlier.
Excluding a charge of 14 cents related to higher environmental expenses, BNSF earned $1.10 a share for the quarter.
On average Wall Street analysts had expected earnings per share of $1.10, according to Reuters Estimates.