Norfolk Southern: Fourth Quarter Earnings Overview

Norfolk Southern Reports Fourth-Quarter Financial Results

Norfolk Southern Corp., headquartered in Atlanta, announced a net profit of $644 million for the fourth quarter.

The company’s earnings translated to $2.87 per share. After excluding expenses tied to mergers, acquisitions, and other one-time items, adjusted earnings reached $3.22 per share.

These adjusted earnings surpassed analysts’ expectations, as a consensus of six analysts polled by Zacks Investment Research had projected $2.78 per share.

During the quarter, the railroad generated $2.97 billion in revenue, slightly below the $3 billion anticipated by four Zacks analysts.