Norfolk Southern posts 3Q profit, results miss Wall Street estimates

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NORFOLK, Virginia — Norfolk Southern Corp. (NSC) on Wednesday reported net income of $559 million in its third quarter.

The Norfolk, Virginia-based company said it had profit of $1.79 per share.

The results fell short of Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.

The railroad posted revenue of $3.02 billion in the period, which also did not meet Street forecasts. Analysts expected $3.07 billion, according to Zacks.

Norfolk Southern shares have climbed 18 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5 percent. The stock has climbed 37 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. NSC stock research report from Zacks: http://www.zacks.com/ap/NSC

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Keywords:Norfolk Southern,Earnings Report

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