(Reuters circulated the following story on April 25.)
CHICAGO — Railroad company Norfolk Southern Corp. said on Wednesday quarterly profit fell due to softness in the U.S. economy, in particular the housing and automotive sectors.
The Norfolk, Virginia-based company reported first-quarter net income of $285 million, or 71 cents a share, compared with $305 million, or 72 cents a share, a year earlier.
Analysts on average had forecast earnings of 70 cents a share, according to Reuters Estimates.