(Reuters circulated the following article on April 26.)
CHICAGO — U.S. railroad Norfolk Southern Corp. said on Wednesday that its quarterly net profit rose, citing increasing volumes and an improved operating ratio.
The Norfolk, Virginia-based company reported net profit for the first quarter of $305 million or 72 cents a share, compared with $194 million or 47 cents a share a year earlier.
Wall Street analysts were expecting earnings per share of 67 cents, according to Reuters Estimates.