(Reuters circulated the following article on July 26.)
CHICAGO — U.S. railroad Norfolk Southern Corp. said on Wednesday that its quarterly net profit decreased, citing strong volume growth and one-time items that boosted the bottom line in the second quarter of 2005.
The Norfolk, Virginia-based company reported net income of $375 million or 89 cents a share, compared with $424 million or $1.04 a share a year earlier.
Analysts on average had expected earnings per share of 92 cents, according to Reuters Estimates.