NORFOLK, Va. (AP) - Norfolk Southern Corp. (NSC) on Wednesday reported fourth-quarter profit of $361 million.
NORFOLK, Va. (AP) — Norfolk Southern Corp. (NSC) on Wednesday reported fourth-quarter profit of $361 million.
The Norfolk, Virginia-based company said it had profit of $1.20 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The railroad posted revenue of $2.52 billion in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $2.59 billion.
For the year, the company reported profit of $1.56 billion, or $5.10 per share. Revenue was reported as $10.51 billion.
Norfolk Southern shares have dropped 19 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen nearly 7 percent. The stock has declined 35 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSC at http://www.zacks.com/ap/NSC
Keywords: Norfolk Southern, Earnings Report