(Reuters) - CHICAGO, April 25 - Railroad company Norfolk Southern Corp. on Wednesday reported a lower quarterly profit citing softness in the U.S. economy, in particular the housing and automotive sectors, but beat analyst forecasts.
The Norfolk, Virginia-based company posted first-quarter net income of $285 million, or 71 cents a share, compared with $305 million, or 72 cents a share, a year earlier.
Read more at Reuters.com Market News
No comments:
Post a Comment