Norfolk Southern Corp Reports Retreat In Q1 Profit, misses estimates

(RTTNews) - Norfolk Southern Corp (NSC) released a profit for first quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line totaled $466 million, or $2.04 per share. This compares with $703 million, or $2.93 per share, in last year's first quarter.

Analysts on average had expected the company to earn $3.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.2% to $3.13 billion from $2.92 billion last year.

Norfolk Southern Corp earnings at a glance (GAAP) :

-Earnings (Q1): $466 Mln. vs. $703 Mln. last year. -EPS (Q1): $2.04 vs. $2.93 last year. -Analyst Estimates: $3.12 -Revenue (Q1): $3.13 Bln vs. $2.92 Bln last year.